6 Easy Ways To Start Investing, With Little Money!
Updated: Nov 4, 2022
This week on the blog...
For many people, the word “investing” prompts images of old men in suits, with several desktops monitoring the exchange of millions of dollars on a stock ticker.
I’m here to tell you: you don’t need to be the Wolf of Wall Street to start investing. Even if you only have a few dollars to spare, your money will grow with compound interest!
As I always say, the number one thing I suggest is to start as EARLY as you can, with as MUCH as you can. Then you sit back, relax, and let the compound interest do its thing!
Today, I’m going over 6 ways you can start investing with just a little money in your pocket.
Put a little money into an online savings account every week (and invest it elsewhere once you have enough to start, usually just $100 with your local bank!)
Enroll in your employer’s retirement plan and start investing 1%, if you already do - up the amount you invest!
Open an IRA (USA) or TFSA Investing Account (CAN) and choose your own investments
Invest with a robo-advisor (wealth simple, ellevest, etc. although I always prefer to self invest!)
Invest in ETF’s (you can buy ETF’s for as little as $20, $30, $40)
Invest in Mutual Funds through your bank (start with $100, then set up autodeposits!)
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