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Vernice Ng

Community Manager at Seedly

21 Sep 2022

General Investing

How much do you need to earn a month before you can even consider investing?

Discussion (7)

What are your thoughts?

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Cryotosensei

01 Oct 2022

Blogger at diaperfinancingfund.blogspot.com

Zero.

I'm investing in crypto without using a single cent of my fiat. But i trade my time lar. Here are the ways I get crypto:

  • faucets like Cointiply
  • writing on Publish0x and r/cryptocurrency
  • staking and liquidity mining on Cake DeFi (I started out by taking the $5 lesson in BTC dangled by Cake DeFi as a carrot haha)
  • walking with sMiles app
  • Coinbase's learn to earn lessons

ai ya, a lot of other ways lar. when there is a will, there is a way. Haha

Agree with Ryan and YJ. Separately, it really depends on your current life situation (i.e. whether you have any dependents or outstanding debt at high interest 3-4%). Assuming no dependents nor debt, and that your emergency fund has been fully built, I would think that any amount, even as low as $50/$100 is worth investing. At lower investment amounts, I would be more conscientious with choosing the platform I will invest with, given that fees (especially flat fees) will affect the percentage of your returns that you lose to your brokerage.

I think minimally 1500/month? can set aside at least 30% to invest, even if its a small amount

I don't think need certain amount just to start investing, but is good to start reading. cause different people has their own risk tolerance. some people can stomach high risk just to get high reward, some people just want maximum interest without facing any loss of net value.

Depends on what u consider as investing. If you have minimum enough just for expenses, contributing ...

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