#46: Start Small
It can be overwhelming and immobilizing to think about starting a savings or emergency fund, especially if you’re living paycheck to paycheck. It is possible to save up money, regardless of the size of your paycheck. Someone shared a really smart tip that can help people build up their wealth over time, and it has to do with the stock market.
Take one to two hours of pay from every paycheck and save it. Use it to buy stocks, but make sure you’re investing in stable ones that pay a dividend. That way you get a dividend payment quarterly, which you can reinvest. This isn’t a “get rich quick” scheme by any means. It’s a smart way to start investing your money that will pay off (literally) in the long term.