Simple investment checklist

This is a very simplified checklist you can use to start your investing journey.

1.?????? Do you have a regular source of income?????

• No:?????????? focus on getting a job or doing something which generates some income.???????????????????????????? ?????????????????????????????????????????????????????????????????
• Yes:????????? proceed to next step

2.????? Is your income greater than your expenses???????????

• No: ????????? reduce expenses and/or increase income?????????????????????????????
• Yes:????????? proceed to next step??????

3.???? Do you have an emergency fund???????

• No:?????????? ??????????? save some cash to sustain you for at least three months
• Yes:????????????????????? proceed to next step??????

4.???? Do you have debt????????????

• Yes:????????? reduce debt exposure or get out of debt?????????????????????????????
• No:?????????? proceed to next step

5.???? Do you have sufficient capital?

• No:???? invest in simple things like unit trusts
• Yes: ?? proceed to next step??????

6.???? Are you looking for passive income or growth or both????????????

• Passive income:?????????? consider investing in treasury bonds
• Growth: consider investing in land
• Both passive income and growth:??????????? consider investing in rentals, starting a business, or buying shares

This checklist can serve as a basic guideline for anyone to assess their readiness and objectives for investing. It's crucial to note that individual circumstances may vary, and professional advice should be sought for specific situations.