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1- Select an age-appropriate investment option. Your age will have a significant impact on your investment strategy.
2- Understand your current financial situation. Be aware of how much disposable income you have available to invest. Take a look at your budget and determine how much money is left over for investments following your monthly expenses and after you have set aside an emergency fund equivalent to three to 6 months' worth of expenses.
3- Develop your risk profile. Your risk profile determines how much risk you're willing to take. Even if you're young, you might not want to take a lot of risks. You'll select your investments based on your risk profile.
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