10 Easy Ways to Start Investing Without Breaking the Bank

‍Thinking of investing your hard-earned cash? Good news! Start investing is one of the best ways to grow your savings and reach financial independence sooner rather than later. However, many people are afraid to invest because they think it’s expensive or involves a lot of complicated mumbo jumbo.

In reality, investing can be simple (and affordable) if you know where to look. Here are some helpful tips for getting started investing without breaking the bank.

1. Build the right foundation first.

Before you even start thinking about investing, you must have the right foundation in place. That is, you must have an emergency fund.

Most investing comes with a level of risk, and there is a good chance you will lose money at some point. For this reason, make sure that your livelihood doesn’t depend on your investment money.

Depending on your situation, aim to have at least 3 months to one year’s worth of dedicated savings for emergencies. This is not investment money, and as such, you should not place these funds in an investment account.