Don't avoid investing because you think you don't have enough money. Financial experts like to say that you probably don't have enough money not to invest. What they mean is that investing can be a powerful way to increase your long-term wealth, even if your account stalls or loses money in some periods. Even small additions to your account can make a difference.
If you're not making a lot of money, it might be hard to get into the habit of socking away investment funds. But by starting out small, you'll gain valuable investing experience without risking large amounts of capital. And as your account and your confidence build over the years, you'll be glad you started early.
As you embark on a plan
of saving and investing, the best strategy is to have a
specific goal in mind. For example, instead of deciding that you’ll
save “as much as you can,” set concrete milestones,
such as cutting out four restaurant meals a month, or saving
$100 every pay period. That way, you can measure your progress and
enjoy a sense of accomplishment when you meet your goals.
