Which of the following steps should be completed before making your first investment?

Question

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Before making your first investment, it is important to work on balancing your budget. This means figuring out your expenses and income, and making sure you have enough money to cover your basics needs and savings goals. Once your budget is stable, you can start looking into investment options. Choosing specific stocks or bonds and having a large amount of money saved up are not necessary prerequisites to starting to invest.

Which of the Following Steps Should Be Completed Before Making