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How do i get enough money to invest. i get minimum wage, have no savings or superannuation. or?


what is the best ways of investing small amounts of money. no jargon please, last time i did ecconomics was in year 10, so it would defeat the purose of responding

(Your question asks "how do I get enough to invest", not where do I invest ; )
Now, how much do you want to?
1) Find out how to get back in school and get training toward what you enjoy doing.
Talk to the financial aid departments at the schools you want to attend.
Does your minimum wage employer have education incentives or programs?
2) Learn how to study. If you know what a word like superannuation is, you can do this.
. 2.a) Read. (See Sources, below.)

These will get you beyond minimum wage.
Reading and study will also lead you to understanding where and how to invest that is right for _you_.

3) Do the numbers. If you are in debt, how much would you have to earn to exceed the drain of high interest payments? What are your odds of doing that with little training and experience? If your debt is not sheltered or earning capital gain, getting out is the first, highest ROI you will find.
. 3.a) Pay down any debt. Widely recommended by money mgt. pros (& repeated by Chuck & Chad S), the important thing is to pay yourself first, like 10% _every_ paycheck, and work your way up by redirecting all your raises.

4) Find how to be frugal. No ATM card. Whatever you are in now, live in less expensive housing. Get a (used) bicycle and ride the bus. If you must keep your car, live in it. Go to public pools for exercise and shower. Brown bag lunch. Put the margin from all this into your emergency fund. Having that fund can help you stay out of short-term debt, per Chuck. Instead of Starbucks or cigs & alcohol, each time, put that in your school fund. Your best first investment is in your education. If you are set on investing then look at it that way. After you have the emergency fund and enough to get back in school, then start with your employer retirement savings program, if there is one (cf. whether employer-sponsored education programs; these may include automatic savings, matching, even scholarships). This sequence is because retirement program savings generally cannot be touched, even for emergencies, without severe penalties.

These will get you the money to invest.

5) **Hang with people who share your goals**. You can look up whether there's a Motley Fool or affluenza group near you.

6) If you're young and dedicated about this, you can find a mentor in your field.

With these habits, as you earn more income you will have the skill to control where your money goes. At that stage you can be salting away heavily.

Yellow I don't think you're in a position to begin investing. You should think about building up an emergency fund, say $1000, and pay down debt if you have any. If you are dead set on investing then I would first check if you're employer has a retirement savings program and start there. The important thing is to pay yourself first, say 10% to start then work your way up adding your raises to your savings.

the best way for you to invest is better yourself. find a better paying job. find a way to do that then you can invest. investing time and training to find a better job is also an investment .

+1 on what Chuck and Dalton said.

Also start an online savings account, you may need to open a checking account with it. I opened one on-line at the same bank I had previously (Washington Mutual) used because they are convienient if I ever need to go to a branch plus the give 5% on savings. I just closed the old regular checking account.

I do agree with Chuck - you should first save some money for an emergency fund.

When you have cash in addition to savings, you could open an account with a mutual fund company (definitely a no-load, i.e. no commission, such as Vanguard) or you could use a service like ShareBuilder where every month they buy stock for you in an amount and company of your choosing. There's no minimum that I'm aware of with ShareBuilder. Both sites (links below) have lots of good free information available.

Good luck!

You can buy stocks directly though some large companies. Some allow as low as $50 minimums to get started, and costs are very low too. "It's like "drip" but no broker is required. I wish I could help you out with the name of it, there is a book on it, so check with your library or bookstore. I did that years ago and I recommend buying stocks this way for people with little to invest.

Get a second job and save at least 50% of your first salary and 100% of your second salary until you have enough to open a brokerage account at Zecco.

I disagree with the people who say, "don't invest and save money, get out of debt." That does not work! Look at the vast majority of Americans. They have no savings and are deeply in debt. This 'save money and get out of debt' mindset is ruining America and most western nations. The thing is that the money is there to invest, it is how you prioritize investing that is the important aspect.

Take 10% of your wage every month, regardless of how small it is, and invest in something. 10% seems like a lot but if you stick with it your lifestyle will make adjustments and you will not miss the money at all in a few months. Use the remaining 90% for everything you need money for. If you don't seem to have enough dough at the end of the month take another job and apply the same rule...10%.

The key with this is to pay yourself first. If you wait to take the 10% after you have paid for everything you need or want then there is never enough money left. Oddly enough this mysterious phenomenon applies equally if you make 100's of 1000's a year of you only make minimum wage. Our wants and needs expand to use up our means. By paying yourself first (socking that 10% away off the bat) you will automatically make changes in your lifestyle to afford everything you need. And again, if you need more money get another job or start a small business.

The investment can be anything from a high interest bank account to get yourself started or purchasing shares on stock market or even starting a small business (no investment like one you control), but you must discipline yourself not to touch the money. Investing only really works in the long term if you keep your grubby hands off the dough. With investing it is tempting to take any profits you have and head down to the mall and blow the profits but you are shooting yourself in the foot by doing this. The money grows exponentially if you leave the profits invested. It tends to grow very slowly if you have only a little invested.

And as was said by other posters, the absolute most essential part of improving your financial life is to improve your mind. Read! There is no cheaper more rewarding way to learn and good books are always the best investment. Your education on whatever topic, be it investing or starting your own business, will pay you back many times your investment in the education if you use the information wisely.

Good Luck

Well first you could try and earn extra income and sign of to free affiliate programs. Basically you can make money while you sleep. I program i have signed up to is http://www.thewealthage.com/affiiate.php and I'm doing quite well with it too!

This website is also a great starting point to learn more about wealth creation..great tips...http://www.thewealthage.com

Best of luck.

P.S You can also download a free e-book which explains property, shares etc.

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