If you’ve been asking yourself this question for a while and you happen to be making assumptions, you’ll need to ask a prior question which is “What type of investing are you referring to? If you mean investing in your personality or character, for example, you’re acquiring more knowledge to help you become a better father, then you don’t necessarily require money to do that. On the other hand, if you’re referring to making money without money, then it is almost impossible. Almost impossible because either one way or the other, you require money to make more money. Although if you happen to be broke, there are some ways you can generate money to invest. Here are a few of them.
Get Creative
While you may not have any capital to start a business, there are some menial things to do that can fetch you some money to enable you to start investing. First, you’ve got to look within yourself and try to figure out what you can do with ease and comfort, which can, of course, be converted to money. Here are a few tips if your soul search doesn’t seem to be working.
- Do Other People’s Laundry – if you enjoy doing laundry, this definitely won’t be a big deal for you, you’ll only need to be diligent and consistent so people can trust you enough to patronize you often. If you start doing this, in no distant time, you’ll definitely have enough to open an investment account, and who knows, you may just discover your business potentials.
- Make Paintings – Do you have a flair for arts? Are you often itchy to sketch and make paintings, well you could do it better now and give more attention to it? One beautiful thing about art is that there is no price tag on it. You could start selling those paintings and make just enough to start investing.
- Do anything Else – There are several untapped skills that you might have lurking around inside you, just be more observant of yourself, and as you generate money from these skills, you can start investing.
Help People Manage Their Investment Portfolio
You may not be a professional broker, but if you understand how to choose good investments and how to manage them, you could actually assist those investment groups which have the money but do not have the time or interest to manage their investments. This way you can start buying your own shares as you help them choose theirs. You should know that you’ll have to be diligent and reliable to be able to make something out of this.
Cut-Off Excesses
A lot of times, people don’t necessarily need to look outward for help, the help could just be lying around. For example, if you’ve cultivated the habit of spending all you get, then it’s obvious you’re cut out for poverty because no amount of money will ever be enough for you, at least not for a long time. By cutting-off some unnecessary expenses, you’ll just be surprised how much you can save.
In summary, investing without money is possible, if you’re ready to generate the money using your wisdom as capital. A lot of times people give excuses about why they can’t start investing instead of asking themselves “How” they can actually start investing.
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