Hands Down, This Is The First Investment You Should Make
Investing can help you become a millionaire over time, even if you’re starting from scratch. Despite the incredible potential investing has to generate wealth, many people find it challenging to even get started investing. That’s a tragedy, because the one certainty in investing is that $0 compounded for any length of time will still wind up being $0, no matter how the market performs.
With that in mind, there is one investment that is, hands down, the first investment you should make if you have it available to you. That investment is to put enough money into your employer-sponsored retirement plan such as a 401(k) to get a matching contribution. Indeed, before you make any other investment, anywhere, you should at least be maxing out the contribution it takes to get every penny of employer match you’re eligible to receive.
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