Beverly B. Media and Communications

Money Monday-How To Invest If You’re Broke


3 John 1:2 Beloved, I wish above all things that thou mayest prosper and be in health, even as THY SOUL PROSPERETH.

 

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What’s the biggest problem that people with lower incomes have with investing? The old saying that it takes money to make money is true, and for those living paycheck to paycheck, there often isn’t enough money left over to put towards investing. When you need the money now, thinking about IRAs and the stock market might be so far down your priority list, that you find all of these financial experts a little bit out of touch.

However, the fact remains that if you don’t put money away for later years, you will face a catastrophic situation. Someday, you won’t be able to work and social security won’t be enough to live on, assuming the fund is around in 20 or 30 years. So what can you do? We’ve put together a few ideas for those people who don’t see any available funds for investing.

You Need Money
First, we have to solve this problem of limited funds and the advice isn’t new or revolutionary. Something in your life has to go, but it doesn’t have to be a big life change. Read More.

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This entry was posted on October 27, 2014 by in Money Mondays, The going ons and tagged , , , .

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