Going from
paycheck to paycheck...that is not a way that most of us want to
live, but it often is a reality for us. It's a vicious
cycle that some of us go through month after month. Most of time
people feel as though that is the way it has to be until they make
more money. This does not have to be the case. When people make
a higher salary, they usually incur more bills because they are
spending more money and using their credit cards more. Saving
money is critical in this day and age where companies are going
bankrupt, downsizing, and fudging numbers on the books.
(Remember Enron?) You have to strategize to protect you and your
family from financial struggles should they arise.
So how can you build that little nest egg?
The biggest misconception about investing is that people think they
have to have a lot of money to be able to participate in
investment activities. This is simply not true. There are
a lot of options available now for low cost investing. You can
choose to buy stocks, invest in a mutual fund, IRA, open a money
market account, participate in a dividend reinvestment plan. The
best way to start is by educating yourself on the different option
that are out there. Go to you local bookstore or library and
pick up a book on Investing 101 to start learning what you can do to
help you save money.
For example, a company called American
Century Investments, has several different options for investing in
mutual funds and can deduct the money straight from your checking
account. Dividends from your investment may help to increase the
value of your portfolio. But remember, before investing, please
do your research! It will "pay" off in the end.
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