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Just Being Ernest
23 Mar 2019
Content Creator at www.youtube.com/c/JustBeingErnest
A better way to look at it is what percentage of your income should you be keeping aside for investing.
For me when i get paid my salary every month, i set it to automatically transfer the money to my investment account, savings account, insurance account and business account.
For investment account, i will transfer about 25% of my monthly salary.
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Hariz Arthur Maloy
11 Mar 2019
Independent Financial Advisor at Promiseland Independent
You can usually invest everything after setting aside 6 months if your income as an emergency expens...
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First of all, set aside a portion that you would seem as emergency funds. I am also assuming that you have no other big ticket items coming up, since that is a significant expense.
With the remaining funds, I would then look to invest in it. You could do it the hands-on way with robo-advisors, or try your own hand at equity investments, which also require a relatively lower capital size.
Later on when you have amassed a larger sum, you might want to look at other things such as property etc.