A financial planner gives clients a 7-step checklist when they're deciding whether to invest or save their next dollar
- You have to be clear about your financial goals to decide when to save or invest your money.
- One financial planner created a framework that she uses to help clients navigate.
- It's best to save money for immediate and near-term expenses to avoid risk.
- For retirement and other goals that are five or more years away, consider investing to maximize your money.
- SmartAsset's free tool can find a financial planner to help you take control of your money »
Investing is a powerful way to maximize savings. But because of its risky nature, it pays to be prudent.
If your living expenses are taken care of and you're deciding where to put your next dollar, following a financial planner-created framework might be helpful. See the rest of the story at Business Insider
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