Step #3: Start With Real Funding
Remember the emergency fund you saved? Well, that was only the beginning, so in step 3, you start with some serious funding.
Save the money you would generally use for paying debts and it may surprise you to see how quickly the money grows.
Think about how much you could save in about six months and divert your attention completely to reach your goal.
Step #4: Invest
Now that you’ve saved some money, you can separate a certain percentage of that money and invest that in something you find profitable.
Also, remember to suspend any investment activities until you’ve reached a comfortable point.
Therefore, investment options should be considered as the last step and needs to be done only when you’ve cleared all debts.