Published on : 23 June 20202 min reading time
Most people are reluctant to invest because they probably think a large amount of capital is needed. This is not the case. Indeed, it is quite possible to invest with a few dozen of GBP.
To create wealth, it is essential to develop good habits, such as regularly putting money aside every month. If you make investing a habit now, you can easily ensure a better financial future.
Saving a little money
Investment and savings are closely linked. It is essential to save before investing money. It will take much less time than you think and you can do it in small steps. It is quite possible to set aside a few euros a week, if you have never saved in your life. The amount may seem small, but this money will grow in value over the course of a year.
You can perfectly well put your savings in a bank, in a small safe deposit box, in a shoe box or in an envelope. Although it may seem silly, it is usually a crucial first step. You need to get into the habit of putting money aside in order to think about your financial future. All you need to do is put your money in a safe place.
Joining a retirement plan
Simply deciding to join your pension plan can sometimes be difficult if you’re on a tight budget. Fortunately, there are other alternatives available to help you get started in a pension plan.
Probably, you’ll have the opportunity to make a small contribution. However, the task is made easier by the fact that you can benefit from a tax deduction. This is a major advantage when you take advantage of this investment.
Things to take into consideration when opening a savings account
Criteria for choosing your bank