Its a myth that you have to be rich to invest.
It helps, but you might actually start investing with very little money.
That doesnt mean you should, though.
There are a few financial milestones you should hit before diving into it.
Recently,we broke down the common myththat you need a lot of money to invest.
There are plenty of mutual funds that let youbuy in for as little as a hundred bucks.
In an emergency, you dont want to dip into investment accounts.
That could meanhefty taxesandfees.
Pay your high-interest debt: You should pay off any high-interest debt before you think about investing.
The interest you pay on that debt will most likely cancel out your investment return.
Make a list of your financial goals, too.
check that youre adequately insured: Dont skimp on insurance.
Weve told you how to figure outhow much and what kind of insurance is right for you.
In short, saving for the future is smart, and investing can help you do that.
