How to start investing when you don't have any money

17 Mar, 20234 mins read
How to start investing when you don't have any money

Quick Summary

Saving money is crucial for investing, and cutting back on expenses is the first step. Educating yourself and setting financial goals is also essential. Popular investment options in India include mutual funds and fixed deposits. Investing in yourself is also important for personal growth and development.


Saving money is a great way to secure your financial future. The more you save, the more you can invest. However, it can be challenging to save money when you have a lot of expenses to deal with.

But, by making a few changes in your lifestyle, you can cut back on your expenses and save money for investing. In this blog, we will discuss some practical ways to reduce expenses and start investing in India.

The Importance of Investing

Investing is a great way to create wealth over time. The earlier you start investing, the more time your money has to grow. By investing in stocks, mutual funds, or other financial instruments, you can earn good returns on your investment.

However, investing requires money, and to have money, you need to save. Therefore, cutting back on unnecessary expenses is the first step towards starting your investment journey.

Why you should do your own research

Educating yourself about investing is crucial because it can help you make informed decisions and achieve your financial goals. Investing can be complex, and uninformed decisions can lead to significant losses.

By gaining a better understanding of different types of investments and market trends, you can create a diversified portfolio that aligns with your goals and risk tolerance. Ultimately, investing requires knowledge, research, and discipline to do it successfully.

Investing in yourself is important

Investing in yourself is a vital component of personal growth and development. It involves dedicating time, effort, and resources to improve your skills, knowledge, and overall well-being.

By investing in yourself, you can improve your career prospects, enhance your personal relationships, and increase your overall satisfaction with life. It can take many forms, such as

  • enrolling in educational courses
  • attending workshops
  • practising self-care
  • or networking with like-minded individuals.

The benefits of investing in yourself are numerous and long-lasting, providing a solid foundation for future success and happiness.

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Cutting Back on Expenses

The first step towards cutting back on expenses is to create a budget. A budget helps you keep track of your expenses and identify areas where you can save money.

Start by listing all your monthly expenses, including rent, food, utilities, and transportation. Then, identify areas where you can cut back.

For example, you can reduce your electricity bill by using energy-efficient appliances or by turning off lights when not in use. Similarly, you can save on transportation by using public transport or carpooling with colleagues.

Another way to cut back on expenses is to review your subscriptions and memberships. Cancel any subscriptions that you no longer use or need.

Consider switching to cheaper alternatives for things like gym memberships, cable TV, and streaming services. By doing so, you can save a significant amount of money each month.

Additionally, it is essential to be mindful of your spending habits. Avoid impulsive purchases and instead, plan your purchases ahead of time. Make a shopping list before going to the grocery store and stick to it.

Look for deals and discounts when shopping for things like clothes, electronics, and household items.

Decide your financial goals

Setting financial goals before starting to invest is essential for several reasons. It provides a roadmap for your investment strategy, helps you stay focused, and increases your chances of achieving your desired outcomes.

Before investing, it's important to determine what you want to accomplish and by when. Your financial goals may include saving for

  • retirement
  • purchasing a home
  • or paying off debt.

Once you've established your goals, you can determine how much you need to save and how long it will take to reach them. This information will help you select investments that align with your goals, time horizon, and risk tolerance.

Without clear financial goals, it can be challenging to make informed investment decisions and track progress towards achieving them.

Ultimately, setting financial goals is a critical step in the investment process that can help you maximize returns and achieve your desired outcomes.

Starting Your Investment Journey

Once you have identified areas where you can cut back on expenses, it's time to start investing. There are many options available in India for investment, including stocks, mutual funds, fixed deposits, and more.

It's important to do your research and choose investments that align with your financial goals and risk tolerance.

Want to know more? Talk to our advisory team. They will be happy to help you invest in your future!

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One popular investment option in India is mutual funds. Mutual funds pool money from multiple investors and invest in a variety of stocks and bonds. This diversification reduces the risk associated with investing in a single stock or bond.


Cutting back on expenses and starting your investment journey can seem daunting at first, but it's important to remember that every small step counts. By being mindful of your spending habits and choosing the right investment options, you can secure your financial future and achieve your long-term financial goals.

Start today, and see the difference it can make in your life.

disclaimer: the information provided in this blog is for general informational purposes only. it should not be considered as personalised investment advice. each investor should do their due diligence before making any decision that may impact their financial situation and should have an investment strategy that reflects their risk profile and goals. the examples provided are for illustrative purposes. past performance does not guarantee future results. data shared from third parties is obtained from what are considered reliable sources; however, it cannot be guaranteed. any articles, daily news, analysis, and/or other information contained in the blog should not be relied upon for investment purposes. the content provided is neither an offer to sell nor purchase any security. opinions, news, research, analysis, prices, or other information contained on our blog services, or emailed to you, are provided as general market commentary. stack does not warrant that the information is accurate, reliable or complete. any third-party information provided does not reflect the views of stack. stack shall not be liable for any losses arising directly or indirectly from misuse of information. each decision as to whether a self-directed investment is appropriate or proper is an independent decision by the reader. all investing is subject to risk, including the possible loss of the money invested.

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