So How Exactly Do You Get Money to Invest?
Sure, you say. It's great to read all this about liquidity and such. But what if you aren't a trust fund baby, or you don't work for the next Google? Or you don't work for Daddy's law firm? What are you supposed to do then?
Well, you'll have to do what other hard-working, decent, honest people have to do. You'll have to save your money.
There's really no secret magic bullet. The best way to gather some money, is to save some, every month, for a long time, as in, you should get in the habit of saving a little money each month for your whole life.
There are several ways to do this so it actually happens. If you have a job that has a retirement plan, you can have them deduct a bit from each paycheck. If you are self employed, like many artists and creatives, then you can set up a monthly deduction from your bank account - this monthly deduction can go into a savings account (if you need access to it soon, within three to five years), or into a Traditional IRA (if you're saving for retirement). There are other options, just make sure you're saving..
Oh, and in case you think you'll never save enough this way, check out this savings tip.
Well, you'll have to do what other hard-working, decent, honest people have to do. You'll have to save your money.
There's really no secret magic bullet. The best way to gather some money, is to save some, every month, for a long time, as in, you should get in the habit of saving a little money each month for your whole life.
There are several ways to do this so it actually happens. If you have a job that has a retirement plan, you can have them deduct a bit from each paycheck. If you are self employed, like many artists and creatives, then you can set up a monthly deduction from your bank account - this monthly deduction can go into a savings account (if you need access to it soon, within three to five years), or into a Traditional IRA (if you're saving for retirement). There are other options, just make sure you're saving..
Oh, and in case you think you'll never save enough this way, check out this savings tip.