[gshdg]

Dollar cost averaging into an index fund.

After paying down any high interest debts and earmarking at least 3 months worth of living expenses into a savings account or other cash equivalent as an emergency fund.

There’s a great decision making flowchart floating around somewhere or other.

[BrandonSmith]

There are a handful of them. Some simple, some complex.

Here is a complex one... https://i.imgur.com/c0p24cU.png

[jklein11]

This flow chart is awesome! I'm not sure I agree on the order of all of the steps. For example you may want to put section 3 before section 2. Also, it looks like this is recommending saving for a downpayment on a house before maxing out your 401k. It makes sense but I'm not sure it is one size fits all.