Investing

Want to Start Investing? Here is How!

How to start investingInvesting can be a scary topic for many.  When I first got out of debt, I had no idea what I wanted to do with my money.  Where would I put it?  How would I grow it?  I was a little ahead of the game because I setup a 401(k) when I first started working.  The issue was that I was not contributing much to it.  That was by design, but that was my first step into investing.  I changed my percentage withheld from each paycheck and started looking at what else I could do.  Investing is only as complicated as we make it out to be.  Yes, there is a slight learning curve, but it is not that difficult.  You can dig deep into it if you wish, or you can ride the top level and still succeed.  The main thing about investing is that you just need to start.

With the extra money that I was saving from not paying credit card bills, I started my brokerage account. I went with Scottrade and am still with them. I also have a Betterment account for my Roth IRA.  Both of these accounts are looked over by me in my Personal Capital account.  I was a little scared when I first jumped into investing, but after some time, I realized I was the major barrier to not investing.  My apprehension to the idea was just holding me back.  Now that I have been investing for close to two years, I love it.  I want to invest more and grow my money even more.  There are so many opportunities when you start investing.  If you want to start investing, here is how…..

Learn how to start investing over at Sprout Wealth

 

Image courtesy of Stuart Miles / FreeDigitalPhotos.net

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Grayson Bell

Grayson Bell

I'm a business owner, blogger, father, and husband. I used credit cards too much and found myself in over $50,000 in debt. I paid it off, started this blog, and my financial life has changed. I now talk about fighting debt and growing wealth here. I run a blog management company, along with another blog. It is Empowered Shopper, which helps people get information about products they want to buy. You can also check out Eyes on the Dollar, which is a great blog that I co-own.

4 Comments

  1. Derek @ MoneyAhoy.com
    April 15, 2014 at 10:57 am — Reply

    I think you’re right – the first step is to work on your 401K up to the employer match, then IRA, then personal investing account.

    • Grayson Bell
      April 15, 2014 at 11:46 am — Reply

      I agree. That is pretty much how I have done it so far.

  2. April 15, 2014 at 5:07 pm — Reply

    Great post, Grayson!
    My husband and I definitely started investing slowly… the most important thing is to make it as easy as possible.
    Now, we have our 401-K for work, we have our Roth IRA’s set up and we have our own separate investment account that we play with. But it didn’t happen overnight. It’s something that everyone can do at their own pace. Reading helpful and informative PF blogs like yours definitely helps to increase knowledge, thereby alleviating investor newbie fears. :-)

    • Grayson Bell
      April 17, 2014 at 10:08 pm — Reply

      Investing doesn’t happen quickly. You have to take your time and make sure you understand it. That being said, I never thought it was difficult. I was actually the one making it harder than it really was.

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