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Money Girl

How Can I Invest Confidently With Little Money?

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.61.8K Ratings

🗓️ 17 January 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

Laura answers a listener's question about building wealth when you have a fixed income or little money to invest.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to Finance Friday.

0:06.6

It's another special edition of Money Girl where I answer your burning money questions.

0:11.9

Today's topic comes from an anonymous voicemail caller who says,

0:16.5

Yes, I want you to do a show on fixed income how they can invest in with a money they have.

0:24.0

What can they do to get richer?

0:27.4

Thank you so much, Anonymous Caller.

0:29.5

That's a great question because I think many people are struggling to start investing or to invest more,

0:35.9

especially when they have a fixed or low income that,

0:39.2

you know, really stretches their budget. This podcast will review building wealth and investing

0:44.7

confidently, even with little money. Thank you for downloading this episode. It's

0:50.2

893 of the Money Girl podcast. I'm Laura Adams, an award-winning author, money speaker, on-camera

0:57.5

spokesperson, and consumer advocate. You can learn more about me at laura d.adams.com. That's also where you can

1:04.8

sign up for my free substack newsletter called The Money Stack. It gives subscribers a terrific free money success toolkit that I

1:14.1

would love for you to download. If you have a question about money, you can use my contact page at

1:19.5

laura d adams.com or leave a message 247 at 302-364.0308, just like today's anonymous caller did.

1:31.4

If you're new to investing, or maybe you know you need to invest more to achieve your financial

1:37.7

goals, let's start by reviewing who should be an investor and why.

1:42.6

While we use the terms saving and investing interchangeably,

1:46.8

they're really not the same thing. Saving is putting money in a safe liquid account, like a bank

1:53.8

savings. And it's typically for your short-term needs, like unexpected expenses or maybe something

1:59.9

you want to buy in a year or two,

2:02.4

like a house or a car. Investing is different. That is purchasing assets or financial instruments

...

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