According to financial influencer Haley Sacks, also known as Mrs. Dow Jones, a little preparation can go a long way; and if you want to make money investing, you need to do a few things in order before tossing money into the market.
The most important thing is to create some form of an emergency fund, as you do not want to dip into your investments to pay bills, said Sacks.
Says pulling money out reduces the future compound interest and potentially locks in your short-term losses, Sacks said.
Check out this video to learn other mistakes people make before investing.
More from Invest in You: How 3 millennials launched a high seltzer brand while working full-time jobs?
These trucking companies are offering new benefits and$ 50,000 pay to attract full talent.
How much money will you need to invest every month in order to save$ 2.6 million by the time you turn 40?
SIGN UP: Money 101 is an 8 week learning course on financial freedom, delivered weekly to your inbox.
CHECK OUT: Suze Orman: Do n't buy stocks with your first stimulus check unless you 've done this third via Grow with Acorns CNBC.
Acorns is an investor in NBCUniversal and Comcast Ventures.