 TITLE: What Is ESG Investing? CONTENT: Is Now the Right Time to Invest?\n--------------------------------\nInvesting can be a great way to build your nest egg over the long term. If you have an employer-sponsored retirement account, such as a 401(k), you're already in the game. Contributing to this type of account sooner rather than later is the best way to take advantage of compound interest and grow your funds over time—especially if your employer offers a match.\nBefore you open an additional investment account, take a moment to evaluate your financial big picture.\n*   **Are you paying down high-interest debt?** The S&P 500 produced a return of 13.6% annually between 2010 and 2020, according to data from Goldman Sachs. While this isn't necessarily an indication of future market performance (and doesn't account for inflation), it's still worth your attention. If the average interest rate of your debt is higher than that number, it might make more sense to prioritize paying off debt over investing.\n*   **Do you have an emergency fund?** If not, you could end up accumulating credit card debt to see you through your next financial emergency. Before investing, it's best to have an emergency fund in place. Experts recommend socking away three to six months' worth of expenses as a safety net.\nThe Bottom Line\n---------------\nESG investing can be a great way to make a positive impact with your investment portfolio. It isn't all that different from traditional investing, except that you're supporting conscious companies while potentially growing your wealth over the long term. Investing is just one part of an overarching financial plan. Building strong credit is equally important. Take the first step by checking your credit score for free with Experian. END