We often hear of people jumping straight into the stock market when they first learn how to invest. But in reality, there's an 'optimal order' of investing your money -- and stocks should only come in much later. In this episode, we share what we think is the best order of investing for Singaporeans, and why you need to go through each step one by one before you actually invest in the stock market.
Singapore Basic Financial Planning Guide: https://www.mas.gov.sg/-/media/mas-media-library/news/media-releases/2023/basic-financial-planning-guide-2023.pdf
#Investing #FinancialPlanning #MoneyManagement #Savings #Insurance #CPF #Debt #Stocks
π FREE EBOOK - A Quick-start Guide to Winning the Game of Stocks
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π OPEN $0 COMMISSION TRADING ACCOUNT
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Here are a few more investing tips and tutorials to help you out:
π΅ HOW TO INVEST IN DIVIDEND STOCKS
https://www.youtube.com/watch?v=AjpiAx3j8L0
π’ HOW TO INVEST IN REITS
https://www.youtube.com/watch?v=qEzy7HFoEeA
ποΈ HOW TO GROW YOUR CPF FOR RETIREMENT
https://www.youtube.com/watch?v=bvZ3uH0FA0Q
π HOW TO READ A FINANCIAL REPORT
https://www.youtube.com/watch?v=m4WqlILejKs
00:00 Introduction
00:53 Savings
03:44 High-interest debt
06:37 Protection
09:40 CPF
12:45 Stocks
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