Start Investing with a Paycheck

You don't need to be wealthy to start investing. If you have any amount left over after covering your essential needs, you can begin building toward your financial future.

Step 1: Cover Your Basics First

Before investing, make sure you have:

• A small emergency fund (even $500-$1,000 helps)
• High-interest debt under control
• Your essential expenses covered

Step 2: Start Small

Many investment platforms let you start with as little as $5 or $10. Some employer retirement plans let you contribute small percentages of your paycheck. Starting small is better than not starting at all.

Step 3: Automate It

Set up automatic transfers from your paycheck or bank account to your investment account. Even $25 or $50 per paycheck adds up over time. Automation removes the temptation to skip contributions.

Step 4: Take Advantage of Employer Matches

If your employer offers a 401(k) match, try to contribute at least enough to get the full match. It's free money that can significantly boost your retirement savings.

Be Patient With Yourself

Building wealth takes time, especially when you're starting from a tight budget. Every dollar you invest is progress. Don't compare your beginning to someone else's middle.