1. Have clear goals

Work out where you want to be. In this way, you can have the satisfaction of working towards a set goal. Having a purpose for your investments is also important.

2. Look at yourself

Know where you are financially. Understand where your money goes and how much you can save.

3. Start

The beginning of a 100-mile walk is a single step. Avoid procrastination and start today.

4. Pay yourself first

Commit to a savings target each month and stick to it. This is better than saving what you've got left at the end of the month – because often that will be nothing.

5. Think about time

Choose investments to suit your timeframe. Invest and stay invested so you can benefit from the capital gains of growth investments.

6. Diversify

Spread your investments across the asset classes to smooth returns and reduce investment risk.

7. Keep it up

Once you have started your investment plan, you are on track to benefit from the long-term rewards of compound interest.

8. Review

Once a year, or whenever your circumstances significantly change, take the time to reflect upon your investment plan. Reconsider all the rules and modify your strategy as you feel is appropriate.