Investing is one of the best ways to build wealth and reach your long-term financial goals. But when you’re just getting started, you may have a limited amount of money left over each month to save and invest. And unfortunately, it’s easy to think that you can’t get started with just a small amount.
The good news is that you can start investing with less money than you think. We spoke with two investing experts to find out just how much money is needed to invest, what to invest in based on your financial goals, and how to get started.
Before we talk about how much money you need to start investing, it’s important to back up a few steps and talk about how you know when you’re ready to invest at all. Financial experts generally agree that there are a few financial foundations that should be in place first.