A Beginner's Scenario

[Philippe Benhamou]

Hey guys!

So I hear experienced investors talk on the podcast about where they think people should begin depending on their age and amount of money they have.

I would like expert investors opinion in my own scenario. Here is the profile:

40yrs old

Savings 7k

No 401K or any other investments

Houshold Income- 50k

Married w/ 3 kids

Day 1 Investor

Thanks a bunch!

[Justin Brown]

Hey @Philippe Benhamou I'm in the process of reading through @Scott Trench book, Set for Life right now and I love his concept of getting set up on the right runway. Looks like with being a family man trying to make more money you would want to start with the first step of saving your way rapidly to an emergency fund of 1-2K and 25K hard cash to work with. What type of field do you currently work in?  What are your investment goals? Maybe you have some time outside of work and family to get yourself plugged into a work related to where you want to invest. Meaning take your real estate license class, help a buddy who is a contractor on the weekends, etc.