{"id":4475,"date":"2023-12-19T08:48:00","date_gmt":"2023-12-19T08:48:00","guid":{"rendered":"https:\/\/lxme.in\/?p=4475"},"modified":"2024-07-30T07:52:41","modified_gmt":"2024-07-30T07:52:41","slug":"how-to-start-investing-with-low-income","status":"publish","type":"post","link":"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/","title":{"rendered":"How to start investing with low income"},"content":{"rendered":"\n<p class=\"has-black-color has-text-color\">Investing is a crucial step towards achieving financial independence, but many believe that investing is only for the rich. However, this is far from the truth. Regardless of your income level, it&#8217;s possible to start investing and build your wealth over time. With the power of compounding, even the tiniest drop of water can turn into a deep river.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/#1_Set_Clear_Financial_Goals\" >1. Set Clear Financial Goals:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/#2_Start_Small\" >2. Start Small:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/#3_Stay_consistent_with_a_SIP\" >3. Stay consistent with a SIP:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/#4_Take_Advantage_of_Tax-Saving_Investments\" >4. Take Advantage of Tax-Saving Investments:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/#5_Educate_Yourself\" >5. Educate Yourself:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/#6_Dont_feel_shy_to_ask_for_help\" >6. Don\u2019t feel shy to ask for help:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/#FAQs\" >FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/#How_do_you_invest_money_with_a_low_budget\" >How do you invest money with a low budget?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/#How_can_I_grow_my_money_fast\" >How can I grow my money fast?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/#How_much_money_is_required_to_start_investing\" >How much money is required to start investing?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ed147f\"><span class=\"ez-toc-section\" id=\"1_Set_Clear_Financial_Goals\"><\/span><strong>1. Set Clear Financial Goals:<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-black-color has-text-color\">Before you start investing, it\u2019s essential to have clear financial goals. Determine what you want to achieve with your investments and how much you need to invest to achieve those goals. Your goals could be short-term, such as saving for a vacation, or long-term, such as saving for your child\u2019s education or your retirement. You can use the <a href=\"https:\/\/lxme.onelink.me\/95JV\/goalcalculator5\" target=\"_blank\" rel=\"noopener\"><strong>LXME goal calculator<\/strong><\/a>&nbsp;to plan for your goals.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ed147f\"><span class=\"ez-toc-section\" id=\"2_Start_Small\"><\/span><strong>2. Start Small:<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-black-color has-text-color\">You don\u2019t need a lot of money to start investing. Usually, people don\u2019t know how to invest with low income. But anyone can start with as low as Rs. 100 with <a href=\"https:\/\/lxme.onelink.me\/95JV\/portfoliodetail65\" target=\"_blank\" rel=\"noopener\"><strong>LXME\u2019s Rs.100 portfolio<\/strong><\/a>&nbsp;&amp; gradually increase your investment as you have more funds available.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ed147f\"><span class=\"ez-toc-section\" id=\"3_Stay_consistent_with_a_SIP\"><\/span><strong>3. Stay consistent with a SIP: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-black-color has-text-color\">Systematic Investment Plan (SIP) is an investment strategy where an individual invests a fixed amount of money at regular intervals, typically monthly or quarterly, into a mutual fund<strong>. <\/strong>It does not require big funds; it\u2019s a low-income investing plan. Mutual funds are a popular investment option in India. They allow you to invest in a diversified portfolio of stocks, bonds, and other assets. You can start investing in mutual funds with as little as Rs. 100, and they offer different risk profiles based on your investment goals. SIP is a simple and effective way for small investors to invest and use the power of compounding for their long term growth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ed147f\"><span class=\"ez-toc-section\" id=\"4_Take_Advantage_of_Tax-Saving_Investments\"><\/span><strong>4. Take Advantage of Tax-Saving Investments:<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-black-color has-text-color\">In India, there are several <a href=\"https:\/\/lxme.in\/elss-vs-ppf-best-investment-for-tax-savings\/\">tax-saving investment options<\/a>, such as Public Provident Fund (PPF), National Pension System (NPS), and Equity-Linked Saving Scheme (ELSS). These investments not only help you save tax but also offer good returns over the long term. If you\u2019re wondering how to earn money with a small investment, check out the above-mentioned plans.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ed147f\"><span class=\"ez-toc-section\" id=\"5_Educate_Yourself\"><\/span><strong>5. Educate Yourself:<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-black-color has-text-color\">Educate yourself about investing by reading books, attending seminars, or taking online courses. Learn about low-income investing or how much money is required to start investing, and how to earn money with a small investment, these questions prepare you to enter the market with confidence.&nbsp;You will be more ready to make wise investment decisions the more you understand about investing. Join a safe, women-only<a href=\"https:\/\/lxme.onelink.me\/95JV\/blogcommunity5\" target=\"_blank\" rel=\"noopener\"><strong>&nbsp;LXME community<\/strong><\/a>&nbsp;to start conversations about money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#ed147f\"><span class=\"ez-toc-section\" id=\"6_Dont_feel_shy_to_ask_for_help\"><\/span><strong>6. Don\u2019t feel shy to ask for help: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It\u2019s okay to ask for help. We\u2019re all humans and not everyone has knowledge about everything in life. Feel free to ask whatever questions you have about managing your finances and investing with our Community managers or Money Coaches.<\/p>\n\n\n\n<p>In conclusion, investing is not just for the rich. Regardless of your income level, you can start investing and build your wealth over time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1702017940342\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_do_you_invest_money_with_a_low_budget\"><\/span>How do you invest money with a low budget?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Investing with a low budget is possible through low-income investing plans. Consider fractional investing, where you buy a portion of a stock and explore low-cost investment options like index funds to maximise your limited funds.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1702017950836\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_can_I_grow_my_money_fast\"><\/span>How can I grow my money fast?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Growing your money fast involves strategic low-income investing. Look for high-yield, low-cost investment opportunities such as dividend stocks, peer-to-peer lending, or real estate crowd funding. Diversify your portfolio to balance risk and return.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1702017961576\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_much_money_is_required_to_start_investing\"><\/span>How much money is required to start investing?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The amount required to start investing varies, but you can start with a modest sum with low-income investing. Platforms offering fractional shares and low-cost investment options allow individuals with limited funds to begin their investment journey.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [{\n    \"@type\": \"Question\",\n    \"name\": \"How do you invest money with a low budget?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Investing with a low budget is possible through low-income investing plans. Consider fractional investing, where you buy a portion of a stock and explore low-cost investment options like index funds to maximise your limited funds.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"How can I grow my money fast?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Growing your money fast involves strategic low-income investing. Look for high-yield, low-cost investment opportunities such as dividend stocks, peer-to-peer lending, or real estate crowd funding. Diversify your portfolio to balance risk and return.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"How much money is required to start investing?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"The amount required to start investing varies, but you can start with a modest sum with low-income investing. Platforms offering fractional shares and low-cost investment options allow individuals with limited funds to begin their investment journey.\"\n    }\n  }]\n}\n<\/script>\n\n","protected":false},"excerpt":{"rendered":"<p>Investing is a crucial step towards achieving financial independence, but many believe that investing is only for the rich. However, this is far from the truth. Regardless of your income level, it&#8217;s possible to start investing and build your wealth over time. With the power of compounding, even the tiniest drop of water can turn <a href=\"https:\/\/lxme.in\/v1\/how-to-start-investing-with-low-income\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  How to start investing with low income<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":6557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[667,649,655],"tags":[198,30,11,166,137],"class_list":["post-4475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-hacks","category-mutual-funds","category-saving","tag-financial-plan","tag-investing","tag-money","tag-women-and-investing","tag-women-and-money"],"acf":[],"_links":{"self":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/4475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/comments?post=4475"}],"version-history":[{"count":7,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/4475\/revisions"}],"predecessor-version":[{"id":9643,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/4475\/revisions\/9643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media\/6557"}],"wp:attachment":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media?parent=4475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/categories?post=4475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/tags?post=4475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}