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61% of people live paycheck-to-paycheck: How to grow money?
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joined discussion06/07/2022 21:33

Financial Freedom

If you are able to put away certain amount of money from you paycheck away in savings is good. Then you can take a small percentage of that and invest. If you want to invest all you can, there is no limit. You should be able to bear the loss in the event it happens, since it is stock market. You have to be able to bear the loss without hurting your day to day life. I live paycheck to paycheck, but still try to put in the stock market what I can bear as a loss. Since many brokers give you the opportunity to but part of share, that is best. You can treat the stock market as a savings account by doing an automatic transfer. This way you don't miss and you won't need to think about it. If you have to do it manually, you will miss the money and that is where most people will not complete the transaction. Overtime, it will be completely automatic and won't miss the money.
Hope this helps you and sets you for the success in the future. Wishing you all the best.
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