This is a biggie. Not everyone can send in $1000-$5000 a month to their brokerage firms. I certainly know I can’t do that!
But it is important to figure out what you can invest and how often:
- Are you starting out with a lump sum? From my experience, this seems to be the way most investors start out. It can either be $5,000 or $25,000 but something that will help you start and also learn from.
- Are you in the position to delegate a certain amount of your monthly salary to be sent directly to your investment funds?
- How about your tax returns? This could be a good addition.
- Inheritances – not that many of us are privy to this little bonus, but if done properly, your inheritances can be invested or reinvested with high tax exemption payoffs.
Decide what you can do. Even if it’s a small amount, the big deal is to simply start investing today!