TODAY IS MATTERS OF MONEY MONDAY: This week, our subject is GETTING INTO THE STOCK GAME with little to no cash. So how can you get cash to start?
Here is a SHORTLIST of how to SAVE enough cash to start investing or HOW TO BITE THE BULLET and invest
These. are all things that I did. You would be shocked how the little things add up to and mean so much
Get. your self a STOCK MARKET MONEY JAR, beautify it, and label it just how you like. Make that your new savings jar for this venture
I. don’t recommend opening a financial institution account with it just yet, because there is a thing about watching things grow in front of you, particularly in a clear jar. You begin to be dedicated and really feel accomplished, and cash attracts cash when it’s from a cheerful source
People. think they can’t do it, however when I say PENNIES LITERALLY, that is all it takes. Do you have $20 to spend? Let me present you how you can do it at $20. Buy one or two shares of a $10 or much less stock. OR you can buy PENNY STOCK
Those. are stocks that are just going public of companies that are just trading at a penny. Yes, you can buy almost 20 shares of a Penny Stock
The. subsequent time you think about going out after this COVID factor is over, of course) to eat or drink with friends, decline and take that cash and put it into your STOCK MARKET MONEY JAR
I. name mine my MAKE MONEY JAR so that I use it to invest in something my intellect wants, and it doesn’t take away from my household budget
Populate. your jar quickly each day when you come home to empty your pockets of all the change
You. would be shocked by how quickly it fills up. Once you have a good amount, you can cash it in at your financial institution. (I financial institution with TD, and they have Penny Arcade in the lobby)
If. you have a job providing minimal participation for an complete match, try out your top to make that minimal contribution. It is normally tax-deferred (pre-tax), giving you much less earned income to be taxed on
If. you have at least 15+ years earlier than retirement, you might desire some stocks in your portfolio; if you have 20+ more, you desire to try out stocks. If you have much less time left in the workforce, aggressive investments might differ from what you desire. (Check with a professional)
MERRILL EDGE has a nice program with $0 trade fees, and they even give you cash to open a new account. (I have no affiliation with this enterprise. It’s just a thing I liked)
