A little preparation can go a long way.
And if you are planning on investing money, there are a few things you need to fix before you put money in the market, according to financial influencer Haley Sacks, also known as Mrs. Dow Jones.
The most important thing is to build some sort of emergency fund because you don’t want to dive into your investments to pay bills, Sacks said.
If you pull out money, you lose future compound interest and can secure your short-term losses, Sacks said.
Check out this video to learn about other mistakes people make before they start investing.
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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.