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How to cultivate the habit of investing
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[QUOTE="Jasz, post: 211554, member: 61772"] When looking to cultivate the habit of investing, it can seem like an uphill battle. Saving money is hard enough as it is, and investing takes a lot of time and effort. And yet, the rewards of investing are well worth it. Let's take a look at some tips here on how to get started! First, start small! If you're just getting into the habit of investing, don't go for broke too quickly. Take your time and learn to budget properly before you dive in headfirst. Start by saving $5 from each paycheck. Once you've saved that $5 consistently for a few months, bump up your savings amount by $1 every pay period until you're saving $20 per pay period (or more if you can swing it). That way, you'll be able to build up what seems like a hefty sum without even realizing it by the end of the year! Next, move your money over to an investment account in order to get started making smart investments. This could be as simple as opening an online savings account with access to a brokerage or signing up for an investment app with transfer capabilities to your bank account. Once your money is there, start planning out how you want to invest your money—it may be helpful to work with. The next idea is to set up an automatic savings from your paycheck in your banking institution. Say every month , you are debited some amount of money from your account which goes to the savings. [/QUOTE]
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