What should you do with your first $1,000?

It's crucial to understand the difference between saving and investing.

First, you need to build an emergency fund, ideally covering three to six months of living expenses. This 'rainy day fund' ensures you're prepared for unexpected expenses like car repairs or medical bills.

Once you have that safety net, it's time to think about investing. Start by talking to a brokerage firm to open an account and assess your risk tolerance and investment goals. Whether you're looking for conservative, moderate, or aggressive options, there are plenty of funds to choose from.

Stay tuned for more tips on how to make your money work for you!