Everywhere you turn these days one can find ads touting this investment or that business as the way to “get rich quick.” Just buy this course or whatever and money will flow into your life like a raging river.
Bull crap. There’s no such thing as “get rich quick.” It’s all a scam to part us with our hard-earned money. Study the success stories of others and you will discover the truth: it can take years for one to achieve success.
After doing a lot of research I decided to invest in the stock market in order to increase my wealth and financial freedom. This avenue appealed to me because it doesn’t care about your race, your gender, your education–or even how much money you have to spend.
You can literally start from anywhere in the stock market.
The hardest part to any type of investing is acquiring the money to invest. This is especially hard for those of use who live on minimum wage. How can you save up any money to invest if you’re living at your financial limit?
The truth is that you can’t. If you want to buy a house, invest in the stock market, or just save up for a rainy day you must live beneath your means.
Frugality is essential if you want to improve your financial status. You need seed money in order to save or invest; the only way to get that is to live on less.
You can save money no matter what your income level. So far I’ve managed to invest around $1,200 into the stock market and I make less than $800 a month between my royalties and my day job. If I can do it, you can too. I managed this by watching my expenses like a hawk and making savings my primary goal because I know that, in time, I’ll be able to loosen the purse strings a bit as my investments start to pay off.
In summary, know that you don’t have to be wealthy in order to save and invest. You can start right now with what you have. Financial Freedom is accessible to all of us if we learn how to play the game.
If you want to learn how I personally save money read the older posts on this website or buy my book The Shoestring Girl. I don’t want to bore you here by repeating myself.