Step 5--Create an Abundance Fund
Updated: Sep 8
An 'Abundance Fund' of at least $500 in cash at all times would put you ahead of the 42% of Americans who don't have an emergency fund.
Watch the video below to hear more about this essential tool for anyone who wants to get started with investing.
We will hear about the Abundance Fund again in steps 7, 9 and 12, but for now, $500 in cash, and replenishing it as soon as possible when it gets tapped, is a key step for future investors.
And for those who are interested, the last post on step 6 from 2023 is here.
Do you have an Abundance Fund? Let us know in the comments! and as always, thanks for reading this.
Quick Links:
What is The MGB Investing Starter Kit? is HERE
Step 1 in the MGB Investing Starter Kit process is HERE
Step 2 is HERE --Keep a 'Digit Tally', like You Need A Budget or RocketMoney or our free tracker template HERE
Step 3 is HERE
What is Investing? is HERE
Videos for all 12 steps of MGB Investing Starter Kit (scroll down for step 1)
Videos for all 12 tools of the MGB Investing Starter Kit (again, scroll to the bottom for tool 1)
To buy our self-paced investing course for $49, sign up by clicking HERE.
For the 90 min zoom class during Black History Month for $98, click HERE.
To register for our ANNUAL course, click HERE.
Equity through equities.
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