Key takeaways: Get ready to invest
Key takeaways
Get ready to invest
- It's important to create a budget, have a rainy day fund and pay down high-interest debt before you start investing.
- The 50-20-30 rule is an easy way to budget—it suggests that you put 50 percent of your income toward your required bills, 20 percent toward savings and investments and 30 percent toward your wants.
- If you think you can earn a higher return on your investments than the interest rate on your on your debt, it may make sense to invest while you're paying down debt.
- You should consider putting away at least 3-6 months' worth of expenses in a savings account to keep you covered in case of emergencies.
Whatever your goals in life, we can help you get there with the expertise of J.P. Morgan and the convenience of Chase.