Your First Steps Into Investing

Hey Coach,

Ready to Get in the Investment Game?
You’ve spent your career helping others grow—now it’s time to make your money do the same.

If you’re just getting started with investing, you don’t need to become a financial wizard overnight. Like coaching, it’s about building a system, trusting the fundamentals, and playing the long game.

Here are the first five steps every coach should take before putting their money into the market:

1. Get Your Financial House in Order
Before investing, make sure the basics are covered:
✅ Emergency fund (3–6 months of expenses)
✅ High-interest debt paid down
✅ Monthly cash flow is positive

Think of this as preseason conditioning. Don’t skip it.

2. Define Your Goals
Are you investing to retire at 60? To buy a second home? To build generational wealth?
Your goals will determine how much risk to take and how long to stay in the game.

🧠 Pro Tip: Short-term goals = low risk. Long-term goals = more growth potential.

3. Learn the Basics (Fast)
You don’t need an MBA. Just know these key terms:

• Stocks = ownership in a company

• Bonds = lending money for interest

• Mutual Funds/ETFs = baskets of investments

• Roth IRA/401(k) = tax-advantaged retirement accounts

📚 One weekend of reading can change your money future.

4. Start Small, Stay Consistent
Start with an amount you won’t miss (even $100/month). Automate it.
This isn’t about timing the market. It’s about time in the market.

🏀 Just like practice: consistency beats intensity.

5. Choose a Simple Path (at First)
Use a low-cost index fund or target-date retirement fund to get started.
You can always get more advanced later. Early mistakes are expensive.

🔍 Look for providers like Vanguard, Fidelity, or Schwab that offer coach-friendly options with low fees.

Remember:

You don’t need to be rich to invest. You invest to get rich—slowly, steadily, and smartly.

⚡ Coach’s Challenge This Week:
Open a Roth IRA. Fund it with your first contribution.
Then email yourself: “I just made Future Me proud.”
(And you did.)

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See you next week,
Coach Mike Klinzing
Founder, Wealth4Coaches
"Coach smarter. Save better. Live freer."