To easily invest VOO and QQQ, you just need $10 per month!

In a previous article, I shared my thoughts on how much money you should invest in VOO and QQQ.

How much money do I need to invest in VOO and QQQ?

For some people, their monthly salary is barely enough to cover their living expenses, leaving them with only $10 to invest.

You may be wondering, can I still invest in VOO and QQQ with only $10 left each month?

In this article, I will answer whether you can invest in VOO and QQQ with $10, and if you can, what methods and brokerage firms you should use.

Can I invest in VOO and QQQ with only $10?

Yes, you can still invest in VOO and QQQ even if you can only afford $10.

However, you need to choose the right brokerage firm and investment method.

Which brokerage firm should you choose?

If you live in the US, you can choose Charles Schwab, Fidelity, Robinhood, Interactive Brokers and Vanguard such popular brokers, those that have minimum $1 to $5 to invest in stock.

For those living outside of the US, you still can choose the US brokers like Charles Schwab and Interactive Brokers, those provide international uses to open accounts. Or, you can contact your local brokers that provide sub-brockage to buy us stock, if it’s more convenient for you.

Which investment method should you use?

I suggest investing on a monthly basis.

Allocating $10 each month is more manageable for you compared to waiting for larger sums later on. By investing $10 every month, you’ll accumulate over $120 in a year, not to mention any returns from your investments.

But there are actually more important things…

While it is possible to invest $10 per month in VOO and QQQ, I actually think there are two more important things.

The first thing is how to increase your investable amount.

Once you invest to a certain extent, you will start to want to increase the amount of investment to speed up the accumulation of assets. After all, you also know that the effect of accumulating assets by investing $10 per month is actually very limited, but at least it can be used as a starting point.

To increase the investment amount, you can either reduce expenditures or increase income.

To reduce expenditures, you need to keep a good record of accounts, reduce unnecessary expenditures, or downgrade your consumption and buy only what you need.

To increase income, you can do more part-time jobs and improve yourself to get more opportunities for salary increase and job hopping.

By these ways, you can increase from $10 to $20 per month, and then from $20 to $30, $30 to $40, $40 to $50, and so on.

As you increase the monthly amount gradually, the small amount can have a big impact.

The second thing is to be more confident.

I know that many people feel very frustrated and desperate when they can only afford to invest $10 per month, and they feel that $10 can’t accumulate anything.

But I want you to know that this $10 investment is actually a very important starting point.

Just as mentioned earlier, when you want to start increasing the investment amount, you will start to review your financial situation and try to find ways to increase the investment amount. This process will gradually adjust your financial physique and accelerate the speed of your asset accumulation.

Therefore, please take this $10 investment as a start, and be confident in yourself. Believe that you will eventually achieve your ideal goal, and only then can you make your goal a reality.

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