Question
While servicing a mortgage, it's important to balance your financial obligations. Here are some tips: 1. Start with a budget: Understand your income and expenses, including your mortgage payments. 2. Build an emergency fund: This can cover unexpected expenses or changes in your income. 3. Diversify your investments: Don't put all your eggs in one basket. 4. Consider low-risk investments: These can include bonds or index funds. 5. Regularly review your financial goals and adjust your investment strategy accordingly.
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Most of us yearn for some level of financial freedom, but are busy juggling work-life stress, paying off student loans, servicing a mortgage, and perhaps raising kids while pursuing a career. In the middle of all of this it's tough to take the plunge and create your own investment portfolio. Many of us are too afraid of the risks involved in anything to do with the financial markets. However, with some education and practice it is possible to follow in the footsteps of Warren Buffett and his 'value investing' strategy.
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