Not so long ago, in a city not so far away… I spent a fair amount of time picking stocks and trying to beat the market. I will be honest, I was pretty good at it. However, the time and effort it took did not always justify the effort. Over time, I have moved more toward investing in ETFs and mutual funds so I don’t have to worry as much about my money. With that change, though, came new costs and fees that I have to manage.
I recently wrote about paying yourself first, and one astute commenter had a great question about the value of maxing your Roth IRA first or your company’s 401(k) plan first.
Personal finance folks often throw around the term “pay yourself first.” It is a bit big-headed of us to assume you know how to do that. Here are some steps you can take to put the most popular finance advice to work.