How To Invest Your First $10,000

Are you looking to get started with investing? In this episode, I'm going to show you the smart way to invest your first $10,000.

 “I've been looking into investing some money, but I don't know really where to start. Do you have any suggestions?” – Chris S.
People often get “investing” confused with “saving”, so it's important to start by understanding the key differences so you can put together a plan of action.

What you'll learn in this episode:

  • What are the main differences between investing, saving, and speculating?
  • The 2 main goals of saving for the long-term
  • What percentage of your cash flow could go towards true investments and high-risk speculations
  • 5 smart ways to allocate your capital
  • The #1 bias that causes speculators to lose money
  • How I would allocate $10,000 today if I were starting from scratch
  • Why having an emergency fund should be your top priority

Links & Resources:

About The Author

Chris Dunn is the founder of Skill Incubator. He is an active investor and entrepreneur with the mission of helping people learn Skills to thrive in today's economy. Chris spends his time testing and building multiple streams of income and investing the profits. Read more here.