The Skill of Investing — How to Start Building Wealth from Scratch
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Episode Summary:
In this episode, Germaine continues her Skills of Money series with a powerful breakdown of how to build wealth through investing. Whether you’re in your 30s, 40s, or beyond, it’s never too late to start investing—even if you think you don’t have enough money.
You’ll learn how to start investing from scratch, why compounding interest is one of the most powerful tools for building wealth, and how to overcome the belief that it’s “too late” to get started. Germaine explains why investing for beginners doesn’t have to be overwhelming, and how small investments, even as little as $250 a month, can turn into hundreds of thousands over time.
This episode also covers why index fund investing for beginners is a simple way to get started, how to stay the course during market ups and downs, and why investing at 40 (or later) still puts you in a great position to build real wealth.
If you’ve been putting off investing or believing you don’t have enough, this is your sign to just do something—and let your money grow.
You’ll learn:
The mindset shifts that keep you from investing (and how to reframe them)
How compounding interest works—and why it’s the key to long-term wealth
Why it’s better to start small now than to wait for the “perfect” time
The difference between saving and investing (and when to use each)
How index funds make investing simple and diversified
What it really means to ride the waves and “stay the course”
Key Takeaways:
Just Invest Something (JIS): You don’t have to be perfect or start big. Just start.
Compounding Is Queen: Use a compounding calculator to see how even $250/month can turn into hundreds of thousands.
Investing vs. Saving: Save for short-term needs. Invest for long-term wealth.
Ride the Waves: Expect market ups and downs. Stay the course.
Index Funds: A beginner-friendly way to diversify with minimal effort.
Time in the Market Beats Timing the Market: The earlier you start, the better—even if it’s a small amount.
Long-Term Mindset: Investing is for your future self. Delay gratification now to create freedom later.
Helpful Resources:
Grab the Free Training: How to Build Wealth WITHOUT a Strict Budget
Open a High-Yield Savings Account (Ally Bank)
Purchase The Stop Overspending Course
Subscribe to the Wealthy Wednesdays Newsletter
More Episodes You Might Like:
EP- 115. The Skill of Having Money: How to Stop Spending Everything You Earn & Finally Build Wealth
EP-113. Struggling to Save Money? Try This Simple System to Build Wealth Faster
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