3. Decide How Much You Want to Invest

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Once you decide your goals, decide what accounts you want to open and accordingly set the amount of money you are willing to invest. Your investing goal, which we established in our first step, will determine how much money you put into your account, as well as how long you have until you achieve that goal.

Choose a portion of your earnings that you can commit to growing your portfolio. There’s one general rule: invest between 10% to 15% of your income each year. This will be a great thing for your retirement. However, if you started investing later, it might be a good idea to invest a higher percentage. Of course, if your income can allow this.

For other financial goals, like buying a house or going on a trip, figure out how much you need to invest each month or every week based on the time you have and your income.

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