Jasmine
VIP Contributor
For a lot of people saving money is the ideal way to build wealth, however, you never build your wealth through saving. You can build your wealth only through investment.
Now you might ask, I have $10, bank allows me to deposit this money in the interest bearing account and pay some interest, how can I start investing with just $10.
Here are a couple of options:
Buy some crypto coins, you can start buying for as little as $1.
Start investing through micro investment platforms like acorns, stash etc. all you need is just $5.
Saving money in banks you actually make you poor because they don’t offer great returns and you ultimately end up getting a loan (to buy a house, car, etc.) and when you pay interest on your loan, you will be paying 10-12 times more than what you received as an interest on your saving.
Even buying gold is better than putting money in your bank
Now you might ask, I have $10, bank allows me to deposit this money in the interest bearing account and pay some interest, how can I start investing with just $10.
Here are a couple of options:
Buy some crypto coins, you can start buying for as little as $1.
Start investing through micro investment platforms like acorns, stash etc. all you need is just $5.
Saving money in banks you actually make you poor because they don’t offer great returns and you ultimately end up getting a loan (to buy a house, car, etc.) and when you pay interest on your loan, you will be paying 10-12 times more than what you received as an interest on your saving.
Even buying gold is better than putting money in your bank