Leslie Griesdorf is an investment professional who retired from his career as a dentist in 2004. Leslie Griesdorf had decades of experience in dentistry, but when he was ready to begin investing, he made the switch to semi-retired life.
If you dream of retiring from your career and investing in the stock market, like Leslie Griesdorf does, you’ll need to take preparation steps like these:
- Plan for Retirement
Retirement is a safe investment that will take care of you during your later years. It is the first investment you should focus on, and the earlier you start saving for it, the better. Work with a retirement advisor and, if it’s available, take full advantage of any retirement plan offered by your employer, including matched contributions. Only those with retirement squared away are ready to invest in stocks.
- Eliminate Debt
Debt drains your finances. High interest accounts can cost you more than you’ll earn on stock investments. Pay off all credit cards and other debts with high interest rates before you start putting your money into stocks. Then, take what you were putting in to your debt payments every month, invest it and watch as your wealth grows.
Take a page from Leslie Griesdorf and research investing as much as possible before you begin. Working with an investment advisor is also a wise move, as it will give you a second pair of eyes to guide your choices to minimize risk while maximizing profit.