Your investment journey starts now
Most people believes that investing is complicated and / or is afraid of losing money. However, it is a misconception. Investing can be simple and while all investing comes a risk, you are certain to lose money every year if you don't invest because of inflation. Start your investing journey today, it takes less money than you think. Even if you have no extra money, I will show you how to generate extra income to invest. All it takes is a few hours every month, and it doesn't cost you a thing.
If you can stash aside as little $100 a month, you can get started. You may not think that $100 a month will amount to anything special, but you are wrong. The S&P 500 has generated a compound annual growth rate of 10,67 % since it was launched in 1957. If we expect those numbers to continue, $100 a month will turn into $21,578 in 10 years, in which the $12.000 is your savings while the $9.578 is interests, meaning you have done nothing for those extra $9.578. The numbers are even more fun to look at after 20 years. You have saved $24.000 and those $24.000 will have turned into $83.715! In 30 years, your saved $36.000 will have tuned into $263.475. It is call compound interests, where you continue to get interests of interests. The sooner you start, the sooner you start to compound.
You might not know where to start. Personally, I use eToro. What I like about eToro is that it is easy to get started and it lets you buy fractional shares. It means you can invest $100 (or more, or less), while it is also easy to use. You just subscribe to eToro here, and once you have. You can use my guide on how to use it, it is very easy.
If you feel scared about investing yourself. You can also choose to copy me (or someone else) at eToro. It doesn't cost a thing, and you just need to have signed up at eToro and have $200. Read my guide here.
If you don't have any funds to start investing, you must start getting an extra income. It is something everyone can do and only a few hours of work a month will earn you $100 and let you start compounding. Don't be scared, no matter what experience or what education you have, you can make that extra income. I personally use Appen myself. It takes a few minutes to sign up and you can start to apply for projects to work on. Don't hesitate, start compounding now, your future self will thank you.
If you feel to spread your investments, so you are not only invested in stocks. You can read my guide to crowdlending here. It is easy to set up and you are not affected by market volatility.
If you are the riskier type and want to give crypto currency a try, you might as well get some daily interest to compound on those crypto currencies you have. Read my guide to Nexo here.
Just get started. You can literally start with no money and retire comfortably. Don't wait for tomorrow, next week or next month. Take responsibility ad start now.