Q&A: Balancing emergency fund and investing in your 20s

Andrew recommends a small emergency fund now, investing early, and slowly building savings before moving out.

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Episode notes

Saving $10,000 is a milestone. Investing it correctly is a life changer. Here is the step-by-step plan to do it right.

What You'll Learn in This Episode

The seven-step framework for investing your first $10,000 the right way
Why tax-advantaged accounts should always come before a brokerage account and the exact order to fund them
The Portfolio Pyramid strategy that makes choosing investments simple for any new investor
The ten most common mistakes new investors make and how to avoid every single one
Roth 401k versus traditional 401k: how to know which one is right for your situation
Whether your Roth IRA contributions count toward the 50/30/20 rule (the answer might surprise you)
What to do when your employer 401k match comes in as company stock

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