She Strengthens

Breaking Down Barriers: Real Stories of Investing on a Budget

Investing can seem like a daunting task, especially when you’re not rolling in dough. But the truth is, anyone can start investing, regardless of their income level. We spoke to 21 individuals who shared their personal stories of taking the leap into investing, and their experiences will inspire you to take control of your finances.

The Importance of Starting Early

Not everyone has the luxury of learning about investing from a young age. In fact, many people don’t even realize they can invest until later in life. But it’s crucial to recognize that investing is for everyone, regardless of their background or financial situation.

Real People, Real Stories

From using spare-change apps to maxing out Roth IRAs, these individuals prove that investing is accessible to anyone. Here are their stories:

• Amanda L. started investing at 22, but it wasn’t until she was 25 that she felt confident in her financial decisions.
• Tamara began investing at 22 and now balances financial security with calculated risk-taking.
• Carleigh, 26, uses the Acorns app to invest her spare change and feels more financially secure each week.
• Nicola, 28, discovered dividend investing and wishes she had started sooner.

Overcoming Obstacles

These individuals didn’t let obstacles hold them back from investing. They found ways to overcome their challenges and take control of their finances.

• Taylor, 23, opened a Roth IRA and started contributing to her 401k after graduating college.
• Moriah, 20, used the Acorns app in college but eventually switched to a 401k with her employer.
• Apie, 33, moved her RRSP to Wealthsimple and finally saw her money grow.

Lessons Learned

These stories teach us that investing is not just for the wealthy. Anyone can start investing, regardless of their income level or financial background.

• Don, 16, learned the importance of saving and investing from his mom.
• Taranjeet, 27, discovered that investing is more than just buying expensive items.
• Financial Mechanic, 21, started investing with his pension and later opened a brokerage account.

Taking the First Step

Investing can seem intimidating, but these individuals prove that taking the first step is the hardest part.

• Patricia, 24, signed up for her employer’s 401k plan and started investing $200 a month in low-cost mutual funds.
• Amanda, 35, opened an RSP and LIRA, despite being in debt and living paycheck to paycheck.
• Olivia, 29, began saving for retirement by opening a Roth IRA.
• Annie, 30, finally felt comfortable investing with her husband after years of talking about it.

These stories show that investing is not just for the wealthy or financially savvy. Anyone can start investing, regardless of their income level or financial background. So, what’s holding you back? Take the first step today and start building your financial future.