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Updated over 7 years ago on . Most recent reply

User Stats

15
Posts
4
Votes
Giovani Mobarak
  • Glendora, CA
4
Votes |
15
Posts

Anything I could do with 2k?

Giovani Mobarak
  • Glendora, CA
Posted
I might already know the answer to the question I'm about to ask, but since people within this community have been doing this far more than me, I wanted to ask if there is any chance I can do something with $2K? I know that is extremely low to be able to put as a downpayment, or anything at all, but maybe there was something I could do with it? Invest it in someplace? Somewhere? Perhaps any suggestions as how to grow that over time? Thank you for your time!!

Most Popular Reply

User Stats

133
Posts
54
Votes
Jay Dean
  • Investor
  • Manvel, TX
54
Votes |
133
Posts
Jay Dean
  • Investor
  • Manvel, TX
Replied

@Giovani Mobarak - Buy and read Set for Life by @Scott Trench  You need more than an emergency fund prior to getting into investing.  Learn what a "financial runway" is prior to doing anything.

Just starting out is an absolute grind.  You will feel like it is taking way too long and your progress is too slow.  Celebrate the fact that you have the $2,000.  There are many in far worse situations living paycheck to paycheck and carrying insane amounts of debt.

This book will get you motivated and tell you what you need to know and what you need to here.  I absolutely recommend it for someone like you.

Start with a strong foundation. 

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