Learn how to systematically capture your cash flow
Question: I am nearly 30 years old. I am still paying off student loans, two car notes and some credit card debt. However, I think I have enough money to put toward investments. I am wondering whether I should buy individual stocks or a mutual fund. Which would you advise?
Answer: Neither. Imagine your financial life as a business. You have certain “earnings items,” such as bank accounts, retirement accounts, mutual funds, etc. You also have several “expense items,” such as your student loans, car notes, credit cards, etc.