Is your list of things you wish you could do, but cant afford to do, growing longer? Many people understand the value of investing, and the importance of investing in order to secure their futures, but they dont have much available money that can be used for investing. These people might believe that they are not able to start investing and instead, continue to struggle with the daily living expenses and no plan for their financial future.
There are actually numerous ways that people who dont necessarily have a lot of cash available can begin investing, and every penny saved can help over the longer term. The only proven way to improve your financial situation is to reduce your expenses and increase your income, while saving for the future.
7 Ways to Invest Even if Youre Broke
1. Save all of your change. Use cash to make as many purchases as possible, rather than writing a check or swiping your debit card, and put the change into a bucket at home each day. At the end of every month or two, deposit the change into a high interest savings account and watch it grow! If youve never actually saved your change before, you will be quite surprised at how fast...
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