Hook

Their other posts in the index, biggest breakout first.
starting from zero, this is how we see saving and investing as a family. The first thing you need to do is one, pay off all of your debts and two, save for your emergency fund. For us, it's 6 to 12 months where we can live on this money and we don't need to worry. When we first got married, our priority was making sure that we had six months of expenses. After that, that's when we started investing heavily. I've seen many couples that just continue to stop pile cash in a bank account and don't do anything. When there's, when it comes to investing, there's two things you want to think about. First strategy is just investing in equities, bonds, commodities, that kind of thing, the stock market. The second type of investing is trying to invest in building a business for the family. That might look like initially upskilling, so learning how to do marketing, sales, consumer psychology, doing courses. Afterwards, it might be using that money to invest initially building a website, but the point is, is when it comes to investing, you want to make sure that you're tackling both streams. One going straight into equities, bonds, commodities, then the second stream is trying to invest in building a family business, which then gives you flexibility in the future. You need to be consistent. There's no point investing today and then waiting another two years before you invest again because it's not how it works. We are really consistent when it comes to investing every single Monday without fail. And for us, that's how we've been able to build wealth and accumulate.