Investing for Beginners: How Can We Plan With No Money For Investing - Part 1

By: Sydney Tremayne Click author's name for more of his/her articles

The first hurdle to investing for beginners: "But we have no money to invest! How can we possibly save with all the bills?" That's a common complaint, especially in these times.

All the desire in the world can't make you wealthy if you have if you are unable to save. That's plain logic 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 believe you have no money. Let's start with how you might find the money and then, if we can overcome this hurdle, 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 erase investment worries, deal with bear markets and eliminate our worst enemies: panic, greed and impatience. What I teach 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.

Now let's get back to where the money comes from to begin with. With an income of $30,000 or better – despite bills, car payments, tuition loans and all the other debts and necessities of life – I may be able to offer some help.

The tale begins when a worried woman came into my office on her lunch break. She was in serious debt and was afraid her husband would leave her.

During our conversation she admitted she bought as many as five or six takeout coffees each working day. That amounted to a considerable amount of money each month. What would 120 coffees cost today?

I proposed she should buy a Thermos®, a can of her favorite coffee, and make her daily supply at home. The money she saved each month could start to pay down her high-interest credit cards. She could still have her coffee but at much less cost.

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 can't save!

It is not only people in financial trouble who sometimes need help with their savings plan. A professor and his piano-teacher wife came to see me. After telling me when they wanted to retire and how much they needed, I did some calculations of a type I now show people just like you how to do. When they 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.

There were several moments of silence 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.

Roughly four months later, the piano teacher 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 about $960,000 that would grow to well over $1 million. They had also bought a new car for cash and took a cruise to Alaska. From small beginnings, entire lives can be changed.

Most of us don't realize how easy and painless it can be to save. There's a sure-fire trick to it that I'll tell you about next time when I show you how to easily uncover cash you didn't realize you had to build for your future.

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About The Author: The Gaffer Wealth System 55 years of private and professional investing enables Tremayne to explain successful investing in this entertaining multimedia course. Become wealthier! There's a 12-month 200% guarantee.