The need to invest has been widely spread over the years, however, a good number of people still underrate the power of a good investment. To put it in context, the term “investment” is somewhat vague to people who believe they have nothing to do with handling large sums of money. A good number of people are not financially literate enough to know that they do not need to be rich to participate in investment plans.

An investment plan is like the cure to the ailment called “financial instability”. While growing up, I used to hear my parents’ friends talk a lot about buying shares in some companies for their children. Back then, they made it look like investing was only for the elite. I saw this as the reason why my parents never bought shares like their friends, my parents were comfortable, not elite.

Several years later, I took it upon myself to educate the masses on how to make investments as an average-class citizen or a low-income earner, because everyone deserves to earn from investments.

Before you read further, it is important you know that as a low-income earner, your plans must involve investing smartly in quality investments and not just quantity, in order words, search for investments that offer valuable returns instead of higher returns, this is a secret you don’t find just anywhere.

Now, as a low-income earner, there are three things you must do as a low-income investor;

1.     Save: There are several reasons why you must save before investing. It is best to automate your savings so that you don’t forget to save a percentage regularly. Imbibing a saving culture can contribute massively to your investment plans as a low-income earner, you would not have to depend solely on your income to make investments and when you finally make an investment, you would not be terribly affected by a risky or low return investment.

2.     Settle Debts: For better results upon investments, analyze your lifestyle and the things causing you debts. When you have identified them, figure out a way to manage them. When you receive your income, put away a certain percentage for your emergency saving, then settle some of your debts, that way, you have the freedom to invest without constraints and worries.

3.     Consider Your Future: Naturally, every investment made is a plan towards the future. Your investments could be towards a relocation plan, a plan for your children’s academic fees, or even your retirement plan. Considering what you wish for your future will make it easier to know the percentage of your income you wish to invest.

With these simple and straightforward steps, investing even on a low budget can be made possible and achievable, it is never too early or too late.

We will be sharing platforms and other avenues you can invest in subsequent articles. Thanks for reading.