If you want a shot at becoming wealthy, you need to do more than simply earn money.
Most importantly, you need to hold onto the money you earn. And then, you need to grow your money. In order to grow your money, you need to learn how to invest.
When you become an investor, you’ll be using your money to acquire things that offer the potential for profitable returns through one or more of the following:
As you learn to become an investor, you will begin to devote your limited resources to the things with the largest potential for returns. That may be paying down debt, going back to school, or fixing up a two-family house.
Of course, it may also mean buying stocks and bonds, or at least mutual funds or exchange-traded funds.
Thanks to advances in technology, you can start to invest with as little as $5 a month and a smartphone. It’s our job to help you filter out the noise, learn the basics, and make good investment decisions from the start.
With no fees on accounts with low balances and easy automatic investing, Wealthfront is our top pick for a best all around investment account. If you want to learn more about them, read our Wealthfront review.