There are some simple steps to keep in mind when you invest and can make quite a bit of money doing it.
One of the main things is to start early.
The younger you start to invest and learn about the various aspects of the stock market, the better.
I started investing in the stock market when I was 20.
By the time I was 25 I had made enough money to invest full-time and by the time I was 28 I quit my J.
O.
B.
and did go full-time.
I hope to retire by the time I am 45 (I am currently 37).
But I can only achieve this because I started early.
I wish at school I was taught "how to manage/create/build wealth" instead of Algebra 101.
This can be hard if you don't have any money to invest initially so you might want to start a savings account and put a percentage of your wages in it every month.
After you have some money saved (even $1000 is a good start) invest in a low risk stock that is sure to grow.
Leave that money there for a set time like 3-6 months.
You should be able to see a good return and if you are very lucky, maybe that company released a new product in that time and the stock went up a lot.
When you sell your first stock, use all of that money to invest in more stock.
Keep doing this and you'll be making more than you realize in no time.
You will continue making money this way and will need to find other investment opportunities as well.
Bonds, mutual funds, and real estate are great options once you start accumulating wealth.
The biggest mistake you can make is to spend all of your investment money.
This happens all the time.
People buy a brand new car, expensive watches and clothes, or giant televisions.
You can spend some of your money but remember, you are building wealth for the future, so don't blow it.