It's Not Your Salary that Makes You Rich, it's Your Spending Habits
There was a time when I worked in a bank. 🙈
It was the time I first thought about investing money somewhere. Of course, I’ve approached my colleague, a specialist in investments and asked for advice.
My question was quite simple, and at that time it bothered me a lot...
Was my salary enough to start investing?
The answer was quite the same as I was expecting it: “My and your salary is ridiculous for investments...”
So, for about a year I put the topic of investments aside. But, luckily, I always tend to develop myself, so this topic was approached by me again.
The most interesting and unbelievable fact was that I was able to invest money starting from 10 dollars. Wow, how comfortable! Of course, the payments were not sky-rocketing.
But this sets your mind on investing first of all. From the moment you’ve began to invest at least with the sum of 5 or 10 dollars, you’ve started to learn new things about the investments and you’ve started to learn how to invest and where to get money to invest.
If you’re thinking about investments, but havd a belief that you can invest only thousands and millions - don’t think so.
The road to the point where you invest millions starts with the step where you invest ten dollars. 😉
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I agree, it is not about how much money you put in. The beginnings might about luck also – and doing research some time before you buy in is also good. Making your own opinion is best strategy.
Investing with a little bit of money means Learning.
now that I can agree on for sure.. I started to invest last year and even though I'm presently losing money meaning. my stock have fallen I have learn a lot and will be making better decisions in the future.
True indeed, it’s not not how much you make, but how much you keep. Investing what you could spend on a latte everyday can make the difference. Starting early is normally more impactful than the amount! Good post!
Most people need to consider buying less. If we buy less and own less, we could keep more of our money and invest more into meaningful investments. America is obsessed with owning the latest and greatest toys. It is my goal to buy less and pursue time investments that allow me to experience more in life.
So true and not only in America! I just spent a whole year not buying anything non-consumable. During this period three items really needed to be replaced. $200 spendings and I even now, I wouldn't know what I would wish to buy next.
This is very true - definitely here in the U.K. too!
You're so right!! It is so true!!!
If you could check my profile it would be awesome for me!! Thank you 😊
Be sure I'll check it, thanks for commenting!
how do you do this automated replies I want to learn
I think you acknowledge basically that this is a complex issue. I agree that spending responsibly is import - I'm pretty Left-Leaning, but I don't ever mind people pointing out pointless spending. Buying a $2 coffee vs a $5 coffee wont buy you a new house, but it adds up over time. Trust me, I've made that change myself.
With that said, as somebody facing financial stress right now, it is a lot more complex than that. Other people here have mentioned luck and the role that plays in setting you up, and you of course need to be making some money to be able to save money. I think you know that, but it is a really important point to consider whenever this type of conversation comes up.
Thanks sharing your post.
Не могу не согласиться, @aleksandraz!
True small and steady investment will take you long way
Lovely picture, i have always been a lover of nature and i love your dress btw. 😊
I know a proverb;
It will become a lake drop by drop.