Many people put off investing because they think you need a lot of money-thousand of dollars!- to start investing. This just isn't true. You can start investing for as little as $50 per month. The key to building wealth is developing good habits-like regularly putting money away every month.
Most people mistakenly believe that their retirement accounts must be invested in traditional financial related investments such as stocks, mutual funds, exchange traded funds, etc. Few Investors realize that the Internal Revenue Service ("IRS") permits retirement accounts, such as an IRA or 401(k) plan, to invest in real estate and other alternative types of investments.