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    Let’s Get Started with Index Funds: From Saving to Investing: Financial Freedom, #220
    Let’s Get Started with Index Funds: From Saving to Investing: Financial Freedom, #220
    Let’s Get Started with Index Funds: From Saving to Investing: Financial Freedom, #220
    Ebook85 pages57 minutes

    Let’s Get Started with Index Funds: From Saving to Investing: Financial Freedom, #220

    By Joshua King

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    About this ebook

    Most of us love to save; however, investing could be a different story. We fear the unknown, so the stock market can cause us anxiety.

     

    A great place to start your investing journey is with index funds. Index funds allow us to capture the stock market's returns over our lifetimes.

     

    The stock market slowly rises because businesses ensure profits keep pace with inflation. We need to capture these returns so we keep pace with inflation.

     

    I love my high-yield savings accounts, but they serve a different purpose than index funds. To become a great investor, we need to understand the value proposition of both. Good Luck!

     

    LanguageEnglish
    PublisherJoshua King
    Release dateJan 16, 2024
    ISBN9798224861293
    Let’s Get Started with Index Funds: From Saving to Investing: Financial Freedom, #220

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      Book preview

      Let’s Get Started with Index Funds - Joshua King

      Table of Contents

      MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF

      Let’s Get Started with Index Funds

      All Right Reserved Military Family Investing | 01  Let’s Get Started with Index Funds

      02  Why Do I Need To Invest in the Stock Market?

      03  Getting Started with High-Yield Savings Accounts

      04  Full Throttle: How to Build a Fully Funded Emergency Fund

      05  The 30-Day $1,000 Emergency Fund Challenge

      06  Capture the Market with Index Funds

      07  The Magic of Dollar-Cost Averaging

      08  The Magic of Automated Income Investing

      09  My 4 Favorite Index Funds

      10  The Importance of Treasuries: How to Define Risk

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      MILITARY FAMILY INVESTING

      Joshua King

      Home of the Free PDF

      www.militaryfamilyinvesting.com

      Let’s Get Started with Index Funds

      From Saving to Investing

      01  Let’s Get Started with Index Funds

      02  Why Do I Need To Invest in the Stock Market?

      03  Getting Started with High-Yield Savings Accounts

      04  Full Throttle: How to Build a Fully Funded Emergency Fund

      05  The 30-Day $1,000 Emergency Fund Challenge

      06  Capture the Market with Index Funds

      07  The Magic of Dollar-Cost Averaging

      08  The Magic of Automated Income Investing

      09  My 4 Favorite Index Funds

      10  The Importance of Treasuries: How to Define Risk

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      Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article.

      All Right Reserved Military Family Investing

      01  Let’s Get Started with Index Funds

      We should all love to save our money; however, many of us have a tough time when it comes to investing. Putting our money into the stock market can be intimidating if we don’t understand the reason why.

      The last couple of years have been nice for our high-yield savings accounts and other savings vehicles because interest rates have been high.

      However, if inflation is 6% and we earn 5% with our high-yield savings, we still lose purchasing power. Investing our money helps us stay ahead of inflation.

      Compounding: The 8th Wonder of the World

      Prerequisites before investing in index funds. There are some checkboxes to check before we start investing in index funds.

      The most important asset we need before investing is our emergency fund. It does not need to be a fully funded emergency ($30,000), but it needs to be more than a starter one ($1,000).

      For the sake of argument, let’s say we need to have $5,000 in our emergency fund before we invest. Remember, we don’t want to sell shares of our index funds once we input the money—an emergency fund helps prevent early withdrawals.

      Next, we want to review our debt obligations. We don’t want to have thousands of dollars in high-yield credit cards, student loans, or automobile payments.

      Hustle in Your 20s and 30s, Enjoy Your 40s and 50s

      For reference, the stock market generally returns 8-10% annually. Therefore, if you have debt with interest rates higher

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