Investing Unit 3: Action Steps

• Introduction
• Unit 1: Basic Building Blocks of Successful Financial Management
• Unit 2: Investing Basics
• Unit 3: Finding Money to Invest

• Saving Money to Invest
• Strategies for Saving Money to Invest
• Steps to Breaking Habits
• Comparison Shopper
• Fund Investment Program
• Stretch Your Money
• Summary
• Action Steps
• About the Author

• Unit 4: Ownership Investments
• Unit 5: Fixed-Income Investing
• Unit 6: Mutual Funds
• Unit 7: Tax-Deferred Investments
• Unit 8: Investing Small Dollar Amounts
• Unit 9: Getting Help: Investing Resources
• Unit 10: Selecting Financial Professionals
• Unit 11: Investment Fraud

• Study Guide
• Action Steps
• Monthly Investment Messages
• Glossary

Action Steps

Establish an emergency fund containing an amount equal to 3 to 6 months of your income.

Determine amount of money needed to fund your high-cost goals (house, education, retirement, etc).

Develop a plan to insure that you save the money needed to fund your goals.

Set up a regular savings program, if you do not already have one.

Identify two strategies you could implement to help you accumulate funds to invest.

Identify a money-consuming habit you have that you would be willing to change.

Calculate the amount of money you can realize in one year by changing this habit.

Change your behavior, save the appropriate amount of money, and invest it.

Track your investment accounts and watch them grow.