There may be a lot of things to bar you from investing and saving. If you are a breadwinner, it’s tough to make money for yourself and for your family. You have a big responsibility in front of you that is impossible to avoid. But, everything is possible. You can invest and save even with limited income. In fact, there are easy ways to start investing. You being a breadwinner is a pride and it shouldn’t hold you back from dreaming of financial freedom. If you want to start investing now, this is what you need to do. To invest in Bitcoin, click here.
Invest what you can afford
When investing, you don’t have to force yourself to put money in your account if you can’t afford it. As a breadwinner, I know your number one priority is to provide for the needs of your family. You should invest what remains from your income after you have bought everything your family needs for the month. If before investing, you are using the money to buy your personal wants, well, you might need to sacrifice that for now. Invest only what you can afford. Don’t invest the money you should use for your basic needs. Don’t use your emergency funds. Use only your savings. To invest in US Stocks click here.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Zoom Technical Analysis
Stock Smarts Book Series
Don’t borrow money
When you are a breadwinner, investing is optional but it is highly recommended. If you don’t have the money yet to invest, just leave it as it for now. Don’t borrow money to invest it. Remember that you can’t always guarantee profits. You might win but you might lose as well. Borrowing money to invest will only make it harder for you. What if the market moves opposite to what you are expecting? What if you losses money? How can you pay your loans? It’s really hard to tell if you are going to win or lose in the market. That’s why I highly recommend you avoid borrowing money for investments.
Save for now
Instead of borrowing money, you should save for now. You can set aside your investment thoughts later. While you are saving up for your investment, read the book. Watch educational videos. Ask for a mentor’s advice. You can do so much with the time you have. If you really want to be successful in investing, be productive. Knowledge matters the most in this industry. If you know enough, even with a small amount, you will end up rich and financially free.
I know time is of the essence when investing. However, given the circumstances and the size of your responsibility, it’s fine to consider your obligations to your family. Don’t rush. Don’t compel yourself until you are pressured to invest. Investment is optional and you should only put money in it when you are ready to lose your savings. You will win, you will lose. It all depends on the market, your investment plan, and investing strategies. Take one step at a time. Don’t do everything at once.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
To protect your Bitcoin – Ledger Nano