How do you invest with a small salary? Most people might think that a small salary cannot invest. However, don’t be discouraged first. You have to remember not only the amount of salary that determines whether you can invest, but how you manage your finances.
As long as you can manage finances well even though your salary is not large, you will still be able to invest. Then, how do you manage your finances? The following four tips can help you.
1. Carefully Manage Finance
The first key in managing finances is that you have to be smart in managing it. If you only have a little money left after all expenses, you have no choice but to save first. After enough money, you can invest it
However, if the allocation of money to be saved is still quite large, you can invest a portion of the money. Conversely, if you only have the choice between saving or investing, choose an investment. Because even though saving is good, the money saved cannot develop by itself. To get a profit, you must invest it.
2. Look for alternatives to reduce spending
Try to register your expenses every month or even every day. From the list, choose expenses that you can reduce or eliminate. For example, if you often have lunch outside, now try to bring lunch. If you always go or hang out with friends on weekends, start reducing activities like that.
By eliminating unnecessary expenses and rearranging everyday expenses, you will be able to save more money. You can save the money and become capital to invest. This method may feel heavy at the beginning, but these tips are one way to invest with a small salary that you can apply.
3. Carefully Selecting Investment Products
If you are limited, how to invest with a small salary that you must pay attention to is careful in choosing investment products. Do not imagine an investment product with scores of tens or hundreds of millions, but choose an affordable investment product with the funds you have. You don’t need to worry because there are many investment products that you can choose.
There are mutual funds that you can follow with money worth Rp. 100,000, -. There are also gold bars that you can buy in small nominal so that you don’t need large funds. For gold bars, if you buy it in small nominal, you will collect it slowly. One place that allows you to buy gold
4. Adjust Lifestyle with Income
You have to remember, you don’t have to always follow all the trends that are developing right now, especially if the trend requires a lot of money. If you want to have healthy finances, set priorities and use money according to your needs.
In addition, try not to always follow your wishes. Desire is not always about important matters, while the need must be fulfilled. Therefore, for a better standard of living, adjust your lifestyle to the income you have so that you can save or invest.
Some of the points above are ways to invest with a small salary that you can directly do. Even though the investment profits you get are not large, you can develop them slowly.
The most important thing now is to start. When else do you want to invest? Don’t wait old, you don’t need to wait until it’s well established. Invest now and collect the coffers of money!