(InvestigateTV) — Gallop reported that the most popular investment types are real estate, followed by stocks or mutual funds, and gold, but there are other ways to invest too.
Kionnie Epps is a financial educator from the popular website and YouTube channel The Responsible Homegirl. She said the stock market is a great investment vehicle, but it’s just one of many ways for people to invest in themselves that could benefit them in the long run.
“There are so many ways to invest,” Epps said. “So that book that you bought from Barnes & Nobles or Amazon, that is a way to invest in yourself if it is helping you get, you know, more closer to the person that you want to be.”
She said that book, that online course, that financial podcast, or workshop about a ROTH IRA are all ways of getting closer to personal, financial goals.
“When we put seed in the ground it stretches far beyond what we can ever imagine,” she said. “So, list your income, list your expenses, and then ask yourself four questions. What am I saving spending, investing, and giving this pay period?”
Epps is a firm believer in not just making a budget and looking at it once a month. She encouraged people to budget every single time they get a paycheck.
So, stay on top of where money is going, how much is being saving and how much is marked for investments.
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