MONROE, La. (KNOE) - When it comes to investing for some, it can be a hard financial strategy to achieve. Certified Financial Counselor Kelly Brantley joined us to share some investing tips to help build wealth.
Financial Planner, Kelly Brantley joined with Tyler Smith discussing tips on investing. Source: (KNOE)
A saying Kelly always uses when it comes to financial planning is to “remember slow and steady wins the race.” The same applies to investing.
Before investing, Kelly recommends having all debt paid off except your home.
Have 15% of the investment saved into retirement into company match 401K and then put the rest in a RALT IRA.
The RAFT IRA grows tax-free and redraws tax-free during retirement.
Kelly says the first step to take when investing is to “learn how to live on less than what you make.”
The first investment to look into is having an emergency fund up to $1,000 in case of crisis.
There are ways of diversifying investing by saving 25% of your money in different funds. Those funds include growth, aggressive growth, income and international funds.
For more tips on investing, call Kelly Brantley at 318-497-1059.