You have heard the advice, invest your money, save your money, buy property, buy crypto, buy gold, buy stocks… But you are thinking “ I don’t have any money, where should I even start?
The simple answer is regardless of which of these appeal to you, it isnt likely that you will be able to do either if you don’t have money (your own money or borrowed money, and if you don’t know what you want to do with it.
A good place to start is the knowledge that anyone, in any circumstance, can acquire and build wealth. This is fundamental, because if you don’t know, or do not believe this then you are more likely to only see the things that confirm that you cannot acquire or build wealth.One book that significantly helped me on this path is “ the richest man in Babylon”. If you believe that it is possible, then determine what ventures interest you; do you want to start a business, invent something, be an influencer, sell something, invest? Doesn’t really matter, you just need a goal for your income. This way you can determine how much you need to get started, and what other things you need to put in place.
When you overcome the first huddle, then the other steps are pretty straight forward, not easy but straight forward
Step 1: you need to find a way to earn money. Could be through a regular jobs side hustle, could be borrowed. I don’t recommend borrowing money to start investing or starting a business because it introduces an unnecessary factor – interest/debt/risk.
Step 2: Save 10% of the income, before spending on any of your expenses – bills, living costs, etc. Doesn’t matter if you earn $10, $10,000, or $100,000.
Step 3: Remember that area of interest we talked about initially, and what it takes? when your 10% saving adds up to the amount you need to start. Put your cap in the race and start. You may need to start small, in fact it is advisable to start small so you can fail on a smaller scale, learn from it, and keep going. If you lost a very large sum at the start, it may be hard to find the motivation to continue.
Step 4: Repeat steps one to four.
For example, becoming an influencer, this is one of the fields where the barrier to entry is as low as they come. But even in this case, you probably need a phone/camera, internet, and topics of interest to you and your audience. Using the four step process above, you would not quit your day job – use that income to fund the resources or materials you will need – the phone, lighting, camera, etc. Say you wanted to become an influencer. The start a business selling phones…in order for you to do that, you will likely need to know when
There, that is how you start