Viscious Cycle: Donâ€™t Make Enough Money to Invest, but Need to Invest to Make More Money
How many of you donâ€™t think you have enough money to start investing? Living paycheck to paycheck and keeping track of where every penny goes, you have enough trouble making ends meet from day to day, much less putting money away for a rainy day. Many of us that are just starting out, or perhaps starting over, might read this blog to get investment ideas for the future. Not seeing how investments can fit into our tight budgets in the present, we think all the advice we hear is for someone else, or for us to file away for â€œsomeday.â€
While those of us that live on a shoestring budget are wise to be cautious, the truth is that we should not allow this caution to stunt our growth. Everyone has the potential to invest in their futures â€“ we just may need to take different approaches.