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He regularly shares personal finance tips with his social media audience and podcast listeners.
Here are his three steps.
These are three of the main investment management companies in the U.S. Target-date funds are designed to adjust their investment mix as you get closer to retirement.
The target date fund will automatically get more conservative over time thats what you want, Sethi explained.
Also, your investments are automatically diversified.
Set Up Automatic Monthly Investments
The final step is to start investing a fixed amount of money every month.
Sethi recommends setting up an automatic transfer from your bank account to your investment account.
Regular monthly investments take advantage of a strategy called dollar-cost averaging.
Doing this can help lower your average cost per share as time goes on.
Thats the way true wealth is created.
These accounts offer you special tax benefits that can save you money in the long term.
give a shot to max out your contributions so that youre not leaving any money on the table.
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