How To Become An Investor On A $26,000 Salary?

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When you're under the impression that investing is for wealthy people, think again!

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Here are the steps I took to become a serious investor on a $26,000 salary.

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1. I Opened A Brokerage Account

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2. I Invest A Fixed Amount Per Month

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3. I Invest Mostly In Low-Cost ETFs

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4. I Decided To Diversify My Portfolio

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5. I Get Really Lazy About My Investments

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FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE

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How To Become An Investor On A $26,000 Salary?

When you're under the impression that investing is for wealthy people, think again!

Here are the steps I took to become a serious investor on a $26,000 salary.

1. I Opened A Brokerage Account

I started investing with DEGIRO, which is a low-cost European broker. I started investing with my tax refund for the financial year 2017 and haven’t looked back since.

2. I Invest A Fixed Amount Per Month

Investing monthly and investing a fixed amount of money every month, makes sure that my portfolio is adding money to it every month.

3. I Invest Mostly In Low-Cost ETFs

If you’re investing year over year, the lower the fees you pay, the more money you will keep in your portfolio.

4. I Decided To Diversify My Portfolio

It’s just to say that it’s hard to diversify your portfolio when you don’t have massive amounts of money to start with.

5. I Get Really Lazy About My Investments

When you let your portfolio do the work for you, you will generally make money over a long period of time.

FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE

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