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She spoke to GOBankingRates and shared theinvestingwisdom she wishes someone had given her when she was starting out.
Heres what King wantsmillennial investors to know to be successful.
Think Beyond the Bank Statement
True investing goes beyond whats in your bank statement, King said.
She emphasizes looking at the bigger picture real estate, businesses and intangible assets.
Millennials often focus too heavily on their 401(k) [plans] while missing other wealth-building opportunities.
Build a Real Emergency Fund
Forget the standard three-month emergency fund advice.
Think of it as your career transition fund,' King said.
Being prepared is half the battle.
Break Down Big Goals
Dont let big financial targets overwhelm you.
Invest in Your Financial Education
King has an unconventional view on investing in financial education.
Allocate a percentage of your income toward financial education, he said.
While most focus solely on investment returns, she believes learning about money management is an investment itself.
Whether its courses, books, or professional advice, knowledge compounds just like interest.
Create Multiple Income Streams
Strive to diversify your income sources, King said.
Dont onlyrely on your day job.
Think outside of the box when it comes to making money rental income, side gigs, dividend stocks.
Multiple streams of revenue are important for both security and growth potential.
Build the habits and the wealth will come.
The best thing you’re able to do is implement these strategies one at a time.
As King suggests, tackle your financial goals in small, manageable steps.
Rome wasnt built in a day and neither is a solid investment portfolio.
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