It is common to hear people say that they do not have enough money to start investing. I hate hearing people say this because it is not true. One of my favorite investment stories involves the life of Grace Groener. She worked at an entity that merged into Abbott Labs, and in 1935, she purchased three shares of Abbott Labs for $65 each (this would be roughly $3,000 in today’s money). As a result, the investment grew into $3 million by the 1990s and she ended up dying with an estate valued at over $7 million.
Now, I am not trying to tell you that you only need to invest a couple hundred bucks to end up with millions a couple decades from now. But what I am saying is that, when you work for a paycheck, you are engaging in an act that has very fixed terms as it … Read the rest of this article!