The term “investing” sounds scary and complicated, but it doesn’t have to be. We’ll show you how to invest wisely and with minimal risk by giving you these shockingly simple instructions: 1) Buy and hold 2) Buy and hold, and sometimes buy and hold 3) Buy and hold and sometimes buy and hold with a margin call or stop loss

As the state of the economy becomes clearer, it becomes ever more important to stay on top of all aspects of your financial life.

We all have quite a bit of money lying around, so what should we do with it? Some people invest it in the stock market, others in a state pension, and there are a host of other options. So what’s the best way to invest your money? In a recently published article, we take a look at a wide range of investment options to help you decide what to do with your money.. Read more about simple money management tips and let us know what you think.

Caring is shared!

What should I do with the money I’ve earned? What should I do with all of my money? What am I going to do with the additional cash I have? What should you do with your money in order to achieve financial success?

I’m not sure what I should do with my money.

With the money you have, there are two things you should do:

  1. Pay off your debts.
  2. Put money aside for the future.

Pay Debt

Debt may stifle your progress in life and prevent you from achieving financial success. Paying off consumer debt, as well as any other debt that you believe is holding you back, should be a top priority. Some people recommend paying off all of your debt before saving any money, but I believe I’d rather do it all at once. Only if you have highly predatory debt and/or debt that is threatening in any manner are you exempt from this regulation. Then you should make every effort to pay it off as quickly as possible.

Experts recommend that you pay off your debt in one of two methods. The Avalanche Method and the Snowball Method are two different approaches.

The Avalanche Method entails starting with the debt with the greatest interest rate and working your way down. Paying down your lowest debt first is the Snowball Method (regardless of interest rate). It makes no difference which one you choose. The most essential thing is to create and follow a plan. That is the only way to be financially successful. 

Savings is the best thing you can do with your money.

You put money aside from your paycheck. So, what’s next? What will you do with the money you intend to save? What should I do with the money I’ve earned?

When you have a clear roadmap and clear objectives for where your money goes, you can free up all of your time to worry about where your savings should go; the less you have to think about your money, the better!

I like to keep things as simple as possible. That’s why I drew up this simple chart to show me where I should put all of my money. I select where I want to invest my money before I make it. That makes it simpler for me to make choices once I have the money in my hands. It also eliminates a lot of the emotional energy that goes into choosing where to invest my money. I never have to question myself, “What should I do with my money?” since that decision has already been made. 

Are you unsure where to invest your money?

This is where your money should go:

The Life Happens Fund is a non-profit organization that helps people

Set aside $1,000 in this account. You should have this money on hand in case of an emergency. This was formerly known as my Emergency Fund, but it has now been renamed the Life Happens Fund. Because life is unpredictable, and you can’t prepare for everything. It may be in a savings account or a checking account. You don’t want it linked to anything that takes a long time to withdraw or has consequences for doing so.

I used to believe that this should only be utilized in an emergency, but I’ve come to realize that it’s more useful for things you didn’t budget for because you couldn’t foresee them or didn’t realize you needed to budget for.

Really, you should attempt to budget as much as possible for occasions. Back-to-school costs, for example, occur every year and may be budgeted for. Holidays, presents, clothing, and other expenses should all be included into your budget, with a “Envelope” set aside for each. Of course, it would be preferable if you did not use the Life Happens Fund for such items. However, if you would otherwise go into debt to pay for it, then take it out of this money. This money should be used to create a buffer between you and your debt.

This account will help you deal with unforeseen expenditures and keep you debt-free and prepared for life’s twists and turns. Hopefully, you will never need this money; but, if you need, quickly refill the account so that it has $1,000 in it.


Start putting money into a retirement account. There are several different kinds of retirement funds that are appropriate for various individuals based on their income, age, and anticipated tax liabilities. 

Why do I recommend saving for retirement as the second step?

This is due to two factors:

1. Compound Interest: The sooner you put money in, the faster it grows and accrues interest.

2. When times are difficult (as they often are), people’s initial reaction is to reduce their long-term savings commitments. By putting this money aside now, you are ensuring that you will have some kind of long-term savings.

The simplest approach to make a financial plan is to anticipate that you will have less money as you get older, rather than more. That way, if that’s the case, you’ve prepared properly. If you have more money later in life, you will just be wealthier, which I’m guessing is perfectly OK with you.


Opening a Targeted Retirement Account is the simplest method to accomplish this. Choose an account that permits withdrawals in the year you intend to retire (at age 59 1/2), and max it out as soon as feasible every year. For someone filing taxes on their own, the maximum contribution is $6,000. Keep in mind that, like other investing choices, these accounts have advantages and disadvantages.

However, in my view, for the inexperienced investor who wants to build up a retirement account- which you should do as soon as possible- COMPOUND INTEREST is the simplest to “set and forget.” Yes, it is not too early to start thinking about retiring if you are 18 years old.

To open certain accounts, a high minimum deposit is required. If you don’t have that much money, establish a savings account with a bank like Barclays or Ally and deposit it there. You may open your account after you have met the minimum deposit requirement.

I’m not an expert in investing, therefore I won’t advise you on anything other than opening an account. However, here are some resources to get you started!

Savings for 3-6 months in a High Yield Savings Account

The money in this account comes from the Emergency Fund. Multiply all of your expenditures by six, or multiply just the absolute minimum by three. This is the minimum amount you must have in this account. These funds should also be very simple to get. A simple savings account should suffice. There are no CDs or mutual funds available. You won’t earn any money from this account; all you want is it to be there when you need it. Of course, if you can put it in an interest-bearing savings account, that will only benefit you!

Savings will be available soon (money you will need in 3-5 Years)

What major expenditures do you expect to incur in the near future? Are you nearing the end of your studies? Are you planning to attend graduate school? Do you have a wedding in the horizon? If none of these apply to you, you may just begin saving for a home. You want this account to make money, but you don’t want it to be too hazardous. This account is for money you won’t need right now or in the near future, but will in the following 3-5 years. You’ll undoubtedly get prior warning before closing the account, so you can afford to keep it open a little longer. 

A decent index fund or mutual fund should suffice. You want your money to work for you, but you don’t want to take too many chances since you may need it soon. Even if you don’t, having money in an account that generates money but isn’t too hazardous is a smart idea. The amount you deposit into this account will depend on your requirements.

The Sky’s the Limit: Become Wealthy

This is the stage when you may be creative and wealthy. Are you prepared for school? For a wedding, perhaps? For a down payment (or to get there) on a house? Begin to diversify your portfolio. Place your savings in various brokerage accounts, index funds, mutual funds, CDs, begin trading, and so on. Never invest more than you can afford to lose, and never put all or most of your money in one location. This is the point at which you begin to acquire assets.

You’ve reached the stage when you’re ready to get serious about investing. I haven’t gotten to this stage yet, so I can only refer you to the professionals for assistance. Many excellent money blogs and websites explain the many kinds of brokerage accounts and the fees and restrictions that each one imposes. If necessary, you may wish to hire a professional. They can help you manage your money and offer you guidance.


Best of luck!


Money is a complex topic, but its not as complicated as you might think. We understand that just because money is important to you, doesn’t mean you understand it. Many of us spend our lives thinking that the only way to spend money is to spend it on things that don’t really matter. Whether you’re broke or you’re getting rich, your money is the building block to the things that matter to you, so spend it wisely.. Read more about budgeting for beginners and let us know what you think.

This article broadly covered the following related topics:

  • how to manage money wisely
  • how to manage money better
  • how to manage your money better
  • money management tips
  • how to manage money and save
You May Also Like

5 Easy Steps to Become a Babysitter (or Full-Time Nanny)

We here at “Hour Highyield” are always on the lookout for fresh,…

10 Jobs That Feel Like You’re on Vacation Right Now in 2021

You’ve been working hard for years to get a coveted job title.…

Secret Email System Review. Automated Money Making Machine?

Over the years, I’ve seen so many of my friends jump on…

Lower My Bills: 7 Ways to Drastically Cut Monthly Expenses

When it comes to bills, it’s easy to feel overwhelmed. There’s the…