Summary: Have you ever thought the stock market is a dark scary place or a form of gambling for rich people? If so, you are not alone, you also are not correct. The stock market is an unknown for most people and thus a scary place. However, today we hope to walk you through how the stock market can work for you at any income level. At Residual Income Life we understand the stock market can be one of our greatest resources to grow residual income. Hopefully by the end of this podcast you will not only understand the stock market better, but be able to make smart decisions with your money. First, we will discuss How Much Money You Need to Get Started. Surprising, you can start investing with less then $100. We have broken investor down into four categories. $0-500, $500-2000, $2000-5000, and $10,000 and up. As you will hear there are very specific ways you are going to invest at each investment level. The key is just to get started. Second, we will talk about how to start investing at each level. We will walk you though tools and resources we personally use for our investing. For example, at the $0-500 level you should be investing in a 401K or IRA. I personally have both. My 401K is through Fidelity and my IRA is through American Funds. We will discuss why getting a 401K through your employer might be the best decision you have ever made. Finally, we will talk about when is the best time to invest in the stock market. As Austin always says, "When is the best time to plant a tree? Twenty years ago. When is the second best time? Today." The best time for you to start investing in the stock market is today. If you have any questions or comments free to leave them below or send us an email. -Chris
