Investing For Beginners: But We Have No Cash For Investing

By Author: Sydney Tremayne
Total Articles: 2
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The first hurdle to investing for beginners: "But we have no savings for investment! How do you expect us to save?" That's a common cry, especially in these times.

All the wishing in the world can't make you wealthy if you have nothing to invest. That's plain commonsense and for some readers that unfortunately is their situation.

So let's not start just yet by showing you how to invest successfully; there's no point if you have nothing to invest. Let's start with where the money comes from and then, if we can overcome this barrier, we'll talk in future articles about how to make that money grow without worry or gambling, cautiously, and with just one hour of your time each year - that's right, one hour each year.

While we're at it, we'll find ways to get rid of investment worries, deal with falling markets and eliminate our worst enemies: panic, greed and impatience. What I talk about is not for everyone - no one answer ever is - but it probably is for you if you simply want to save with some assurance those savings will grow well enough for that dreamed-of retirement.

There is one thing you can be ...
... sure of, and can prove to yourself before even investing a single penny: it works and it works well.

But let's get back to where the money comes from to begin with. If you have an income of $30,000 or better - although you may have what seems a mountain of obligations - I may be able to offer some help.

This tale begins when an anxious woman came into my office one lunch hour. She was in serious debt and was afraid she would lose her husband.

During our conversation she admitted she drank as many as five or six takeout coffees every working day. I don't remember the cost each month but it was chunk of change. What would 120 coffees cost today?

I thought she should buy a Thermos®, a can of her favorite coffee, and make her daily requirement before leaving for work. The hundreds of dollars she saved every month could begin to pay off her high-interest credit cards. Meanwhile, she would not suffer caffeine withdrawal.

I also gave her a little black book you'll hear about in the next article in this series. It's pure magic for people who think they have no money!

People in financial difficulty are not the only ones who sometimes need help with their savings plan. A professor and his piano-teacher wife came to see me. After they told me when they hoped to retire and how much they needed, I did a series of calculations of a type I now show people just like you how to do. When the couple came back, I told them: "You need to save $600 a month." The immediate response was: "Oh, we can't do that!" I nodded, putting on my understanding face. "Then you need to change your goals." "But we can't do that!" his wife gasped.

We sat in silence for a while, while they considered their options. "Well...if we start to save can we change the amount later?" I assured them they could and then added: "It's amazing, but by the end of three months you will realize you don't miss the cash." I'd seen it often enough.

About four months later, the woman was back in my office. I thought silently as she was ushered in: "Oops, I guess $600 was too much." Instead, she gave me with a wide smile and said almost breathlessly: "That $600? You were right; we could even save more." With the greatest pleasure I told her she didn't need to; go out and spend the extra!

Some years later, they retired with almost $1 million. And while they were at it, they bought a new car for cash and took a cruise to Alaska. From small beginnings, entire lives can be changed.

Many fail to realize how simple and uncomplicated it can be to put money aside. There's a sure-fire trick to it that I'll tell you about next time when I reveal how painless it is to uncover cash you didn't know was possible for your own savings program.
The Gaffer Wealth System Click to see how Sydney Tremayne uses 55 years' experience as an investor to help others to be wealthy. His goal: to protect you from the often hard way he fought to be successful. It's easier than you realize!