Begin by going to Pages › Add New. Then give your page a title i.e. "Homepage" and hit "Publish". Repeat this step for the blog index; name this page "Blog", again hit publish.
Once your Homepage and Blog Index has been created, navigate to Settings > Reading, for example:
.Under "Front page displays" select "A static page (select below)", then under "Front page"> locate the Homepage you just created, and under "Post page" select the Blog page, for example:
.Make sure that you have created these page. Refer to Step 1.
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