Starting out with investing is a scary and daunting task to perform. However you don’t have to go all out from your first moment. Investing everything at once opens you up for risking to start at a bad time. It’s much better to spread your investing in time.
Better slow investment than no investment at all. Start young with a small amount of investing and see what the benefits are in the long run. Instead of spending a lot of money on a new phone or on an expensive trip consider going for a cheaper option and start investing with the rest. Your investment might not get the desired effect emmediately. Instead of worrying about what the investment does just put the money in it and don’t look back to it for a while. In the end you will get the benefit from not having used the money for a simple purchase.
Investment is a business where you can look very silly for a long period of time before you are proven right. – Bill Ackmann
Investing isn’t made for everyone, at least that is what people say. All the ins- and outs of investing, spending some time on it everyday certainly isn’t for everyone. Just start small and never take back what you put into it. Only use money that you are willing to lose and keep it in as long as you can. In the long run it will keep on increasing compared to keeping your money on a savings account. Which at the moment barely matches the inflation.
Anyone you happen to talk to about investing, who doesn’t participate in it themselves, will try to make you believe it’s a bad decision. Why would you waste your money on it, why would you want to lose instead of consume products? The answer on that is that people who are consuming are losing a lot more than you are. It’s not because they don’t want to invest that you aren’t allowed to do so.