Disclaimer: I'm from germany, so perhaps this may vary in your country, but I tried to keep it as generic as possible. I would recommend to first break down yo

Disclaimer: I'm from germany, so perhaps this may vary in your country, but I tried to keep it as generic as possible. I would recommend to first break down your financial situation. Write down the amount of income and the amount of costs. Be as accurate as possible. If you have nothing left, there is not much to do. If you have something left, great. Then you should ask yourself, if it is required to have some insurances... your job and your health are mission critical for all your investments, maybe it is good to insure them. After this I would target monthly savings of at least 10% of your current income before taxes - if there is more left, even better. Personally, I use a 3 pot strategy. pot 1 is your current account - should be at least 1xincome pot 2 is your call money account - should be at least 4xincome (more conservative 5x) pot 3 is your passive ETF / indexing fonds with global diversification Example: - You have earnings of $2000 per month. - Think over having a occupational disability insurance for 1800$ (good ones should be about $40-$70 a month - the earlier you get one, the cheaper they are) - After you paid for everything (rent, car, living, etc.), let's say you have $500 left - 10% would be $200, so you have $300 for fun, or save more if you like - As long as pot 1 is below 2000$, put it there - If pot 1 is >2000$, start transferring to pot 2 - If pot 2 is >8000$, start pot 3 (indexing) Most important is, that you should adjust your investments once a year to your current situation. This way you have enough money for small disasters, like the car broke, you move to another appartment or even lose your job. Passive indexing mostly means, that you should not touch any invested money after it is invested, even if the markets go down rapidly. Your target is to invest for 15 or more years. If you have saved enough that you are asking yourself if this is still the right strategy, you can vary your investment to gold, real estate or other things, but I personally don't. ETFs are portable, stable and pretty easy to sell. I instead started investing "socially responsible", but this may be risky and is not mathematically proven... additionally, it is not even fully "socially responsible", so this is not a recommendation :-) Links that may help: https://gerd-kommer.de/indexing-101/ https://gerd-kommer.de/indexing-101/ https://www.justetf.com/ https://www.justetf.com/