I’m not sure if it’s a mental hump to get over, beliefs you have about the stock market, things you’ve heard, or just lack of knowledge but whatever it is just start investing.

How to Start Investing

There are many ways to start investing which can make it feel overwhelming. A few ways you can start investing are through online brokers, advisors, or your employer. Depending on where you start you’ll need a minimum of $100 to $1000.

Ask a friend, relative, or someone close to you where they invest. This way you find someone that knows how the platform works and can maybe help.

My favorite online brokers are Vanguard, eTrade, TD Ameritrade, Webull, and Fidelity. Start by opening a Roth IRA account while trying to max it out each year.

Why Start Investing

To be simple, for retirement and financial freedom. We all want to retire with financial freedom. Investing in stocks or crypto are your best way to achieving your goal.

Small gains compounded over time lead to huge gains. I know $10, $25, or $100 a week from gains doesn’t sound like much but over the course of investing account it’ll be worth a lot.

For example, if you invested $10 a week for 30 years with 8% interest return it’ll be worth $65,000. That’s only from investing $15,000 total in the 30 years.

This example was a small investing amount but it should open your eyes to how great investing is. Think if you invest $100 a month for 30 years. $650,000!

Take the time to open a trading account. Take the time to figure out how much you can invest on a weekly or monthly basis. Take the time to learn what stocks you should invest in. It’ll be the best investment to financial freedom you can do.

What to Start Investing In

For newbies I always suggest opening a Roth IRA account and purchasing ETFs (exchange-traded fund).

To break down what ETFs are they are lots of stocks all in one fund. For example, you can buy a Vanguard fund for the S&P 500. Which means the Vanguard fund owns a small portion of each of the companies in the S&P 500.

EFTs are the easiest and simplest way to invest your hard earned money. All brokers have ETFs you can buy. Vanguard has their own, Fidelity has their own, and so on. eTrade you can buy a variety of different ETFs as they have lots of options.