Is Investing Only for the Rich? How to Start Small and Grow Big
I received a thought-provoking question from a listener that I couldn't wait to discuss: "Ralph, I've always thought investing was only for wealthy people. I don't have thousands of dollars lying around. Is there any way for someone like me to start?" This question is relatable to many. Investing doesn't have to be the exclusive domain of the wealthy. You don’t need to start rich or have a big fortune saved up to take your first step. Today, I want to dispel this myth and show you how ordinary people can begin investing, even with a small amount—it’s all about taking that first faithful step without fear or shame, proving that investing isn’t only for the rich, and you can start small and grow big.
The Misconception About Investing
Many people view investing as exclusive to the rich, imagining Wall Street executives in fancy suits speaking jargon they don’t understand. But investing isn't a rich person's club. In reality, investing means ownership. When you buy a stock or mutual fund, you own a piece of a company. With as little as $25 a month, you can start to invest in companies like Apple or Target. As Peter Marshall wisely said, "Small deeds done are better than great deeds planned." Starting small can lead to wonderful outcomes.
You Don't Need Thousands to Begin
Throughout my 30-year career, I've encountered many who believe a substantial paycheck is necessary to invest. This isn’t true anymore. With the evolution of platforms over the last five to ten years, you can start with fractional shares, investing $25 or $50 at a time. A simple investment of $25 a month over ten years, with market growth, can multiply significantly. It’s all about consistency, leading to my next point.
Consistency Over Perfection
The notion that investing requires perfect timing is a misconception. Consistent, long-term investing is more valuable than timing the market. As the book of Luke 16:10 says, "Whoever can be trusted with very little can also be trusted with much." Faithfulness matters more than the size of your investment.
God Honors Small Steps
I often hear people say God wants them to do more, but Proverbs 13:11 reminds us, "Dishonest money dwindles away, but whoever gathers money little by little makes it grow." Investing isn’t about chasing get-rich-quick schemes. Money is a tool meant to grow through patience and steady stewardship, not by taking rash gambles.
Investing Builds Freedom
Investing isn't just about wealth but also freedom. It’s not solely for retirement but for peace of mind, building a legacy, and fostering generosity within your family.
Conclusion
Heavenly Father reminds us that investing isn’t about riches but stewardship and freedom. Let us trust in Him with our little, to nurture it into something greater for His glory. If you find my show helpful, share it with others. Show them that investing isn’t just for the rich; it’s for everyone. Join me tomorrow as we explore the concepts of risk and reward. Consider checking out my book, "How to Become a Financially Confident Christian," available for free, to help guide you out of financial shame.
Investments aren’t complicated. Each of you has the potential to become a financially confident Christian. Embrace this journey today. God bless you.
Ralph V. Estep, Jr.
Christian Financial Consulting
Ralph V. Estep, Jr. is a highly accomplished professional with a diverse background in finance, accounting, technology, and entrepreneurship. As the principal at Saggio Management Group, Inc., he has demonstrated exceptional leadership and expertise in various roles throughout his career.
Ralph's educational journey began at St. Mark's High School in Newark, Delaware before attending the University of Nebraska where he was an esteemed member of the Cornhusker Marching Band and had the privilege of performing at the Florida Citrus Bowl in Orlando.
Continuing his pursuit of knowledge and excellence, Ralph earned a Bachelor of Science Degree in Accounting from the University of Delaware. He further expanded his academic achievements by obtaining a Master's in Business Administration from Wilmington University.
Throughout his professional journey, Ralph has been recognized for his outstanding accomplishments and commitment to excellence. He is a member of prestigious organizations such as the Golden Key National Honor Society and Beta Gamma Sigma International Business Honor Society.
With an extensive range of professional designations including Licensed Public Accountant (LPA), Accredited Business Accountant (ABA), Accredited Tax Advisor (ATA), Accredited Tax Preparer (ATP), and Internal Revenue Service Registered Tax Preparer (RTRP), Ralph possesses comprehensive expertise in tax preparation and financial management.
Beyond his impressive qualifications, Ralph has actively engaged with various community programs as bo… Read More
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