How can you start investing with no money?

We all dream of making money, but it's an unhappy truth that it's considered a lot easier to make more money when you're already sitting on a small fortune. That being said, it might be considered far from impossible to make something out of nothing.

 

You are your own greatest asset

Start by investing in yourself. This isn't a financial investment, and costs nothing, but your own knowledge and skill set is, at the end of the day, all you need to catapult you towards great wealth and happiness. Consider Usain Bolt, the fastest man in the world. Winner of nine gold medals in two Olympics, he's actually only run for less than two minutes in total on the Olympic track. Despite this, he's made over $119 million from those two minutes - more than $1 million per second. How did he do it? By investing 20 years' of time and effort into training his mind and body for those two minutes of pay-off. Self-improvement, whether you do it at the gym or in the library, is always about the long game.

See also: 7 secrets to becoming wealthy before the age of 30

 

Begin with personal finance 101

Before you get to grips with trading, you need to make sure you know how to manage your own personal finances in order to save money and slowly build an investment portfolio. Sit down and look through your budgets, finding out where you greatest expenditures lie: they might surprise you. Many people don't realise how easy it is to start saving money by making just a few small cutbacks. If you're struggling to say 'no' to the second takeaway of the week or the fifth pint at the pub, consider that every time you do, you're exercising your 'willpower' muscle, and investing in yourself just that little bit more.

See also: 4 Awesome Tips for quitting bad money habits

 

Learn from the experts

trading education

You don't need to spend thousands of pounds on courses and qualifications to learn everything there is to know about investing and trading. When you've spent months saving just to put a small amount of money into the exchange, you should know what you're doing. By reading expert articles provided for free on websites like Trading Education, you can learn a lot and too become quite knowledgeable in financial trading and investing without spending money on tuitions. Libraries - which of course, don't cost a thing to use - are also a great place to look for reading materials and trading guides.

History has given us enough 'rags to riches' stories to make it clear that it is possible to make a fortune from very little. All of these stories' protagonists have one thing in common: they began by investing in themselves, displaying good judgement, self-discipline, and a willingness to learn.

Don't miss: 7 tips that will give you more money to invest

 

If you enjoyed reading this article from Trading Education please give it a like and share with anyone else you think it may be of interest too.

 

We'd love to hear from you!

Please share your comments or any suggestions on this article below

more from Other Trading Articles...

Trading-Education Staff
Once upon a time, it might have been possible to make a bit of money using a savings account for a rainy day, your kids, retirement, or maybe that...
Trading-Education Staff
We all know that the forex market (also known as the Foreign Exchange Market or simply FX) is the most liquid financial market in the world. This...
Trading-Education Staff
The short answer to that burning question is: ‘Yes, you certainly can make money trading Forex’. But you didn’t come here just for...
Trading-Education Staff
The global forex market is simply huge and sees many trillions of dollars traded on it each day. The great news now is that, with the right...
Trading-Education Staff
Learning how to trade in the Foreign Exchange Market (also known as Forex) can be quite the formidable task, especially if you’re a beginner....
Trading-Education Staff
So you are interested in learning how to trade? You are not alone, there are thousands of people just like you so the Forex market must be doing...