A WOMAN has revealed the trick to start investing even if you don’t have thousands of pounds lying in a bank account.
Beth Fuller has been helping people sort their finances on social media after getting herself out of £8,000 debt in a year.
The money-saving whizz has dished all from bad money habits you need to stop to the best ways to save your cash.
Now she has revealed how to make money without working.
She said: “So I grew up with a grandad who would put money in cups in the cupboard.
“And then I’m pretty sure my mum has money in the freezer or something but I am essentially as new as new can be to investing per month.”
Beth went on to explain that often, people think they have to have a few thousand pounds in the bank to get started, which actually isn’t the case.
“I had a perception ages ago and that you had to have tons and tons of money to invest and there was no point in doing it if you were using like small amounts,” she explained.
But she said that couldn’t be further from the truth.
“With investing, you’re actually playing the long game,” she added.
Instead of being concerned about how much you have to put in straight away – you should be more focused on how much time the money is left in to invest.
Beth added: “For me I don’t have a lot of disposable income to play with because childcare, it’s great fun, so I am starting off with £100.”
While some may not think it’s worth it Beth said she was thrilled to have began investing, even if it was a smaller amount than most.
She said she used the Trading 212 account to invest her money – which is part of the Financial Services Compensation Scheme which compensates customers if the company went bust.
Beth revealed she’d be adding small bits little and often to allow her investments to grow over time.
The key for Beth was to know she had enough money in her account to know she didn’t need that £100 in her bank account, rather than taking a huge risk.
The clip posted to her TikTok account @bethmfuller was a hit with her viewers.
People quickly took to the comments praising Beth for her relatable monetary situation.
Investing: know the risks
INVESTING is a risky business.
It’s not a guaranteed way to make money. You cash can always go up as well as down.
Make sure you know the risks and can afford to lose the money.
Before investing you should check the Financial Conduct Authority’s register and check its list of firms to avoid.
One person wrote: “So intrigued by this! I’m not in that stable place yet but when I am this is something I want to consider.”
Another commented: “Yes Beth, this is great! In the industry we literally have a phrase for this “time in the market, not timing the market”.”
“Where are you investing the 100 pound in… I want to do this but scared,” penned a third.
Meanwhile a fourth said: “You are so real and inspirational to me! I think it’s because you are ‘closer’ to where I am on the journey you know?! I see these people saying to put £300 a month in, and I’m like from where pal?”
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