Why I invest every day, and Why you should too.
Nowadays I don’t go to bed without investing at least 1$.
“ I even sold my shoes to not lose the streak”
For the past years, I have fallen in love with investing but I was always eager to pull the trigger. My biggest excuses and obstacles were that as I was struggling to survive with my job (sometimes even unemployed) there were no leftovers on the 15th and the 30th to invest.
I would come with great plans on how I was going to invest 10% of my paycheck, to finally realize that there was no 10% left after paying all the bills.
After I started making more money, I again tried the same plan. Wait for my paycheck and then invest 10% but again that 10% was so small that I wasn’t even happy with it and would prefer not to invest it.
After going back and forth with that issue I realize that I needed to come with a plan where there was no friction to invest, a setup where I could invest quickly and not let my brain stop me.
That’s where I thought of investing every day. Like trying to get better 1% at a time.
Investing every day is something that I have been doing where I do not go to sleep without investing money, even if it is 1$.
Save some, invest some.
The goal is to go to bed knowing that I have covered the ‘save some’ and ‘invest some’ part.
I would transfer a minimum of 1$ from my checking account to my emergency fund, which would cover the ‘save some’.
After that, I would transfer some $ to the investments vehicles I am using.
Stocks
I use Interactive brokers as my stockbroker. But, because I live outside of the US and international Wires can get crazy expensive. Transfering 10$ makes no sense when you get charge 55$ per international wire. That’s why I use Wise (Also known as TransferWise, Xoom is another great option, but it’s not available in my country).
If that day I choose stocks as my investments, I would add money to my Wise account and then later transfer it to my interactive brokers.
Emergency Fund
This is my cash reserve, where I save at least 1$ per day. That money comes from my checking account.
Crypto
- Binance (Use it to purchase Crypto)
- YouHodler (Use it to stake USDT and some other small cryptos)
- Celsius (Use it to stake ETH and BTC, I have chosen to separate my staking accounts into, Celsius and YouHodler just so I can lower any chance of hacking).
How is this helping me?
1- Makes me think every day about investing.
2- Investing 200$–300$ every month can feel like a huge cut from my paycheck, but when I split it into 30 days it's easier to handle.
3- Makes me be creative, when I see I am running out of cash I start thinking about what I can do to get that daily investing money before it’s too late.
I even sold one pair of shoes I wasn’t using just because I didn't want to; lose the streak.
4- I go to bed feeling good about myself, investing and saving every day makes me feel every day I am closer to my goal.
Resources
If you want to try any of the services I have mentioned in this post, please feel free to try them using my referral codes. All of them will get you a reward.
Celsius — Where I stake most of my Cryptos (Receive 40$ when you sign up)
Referral code; 1919861153
Binance — The platform I use to buy Cryptos (10% off trading fees)
Wise — The platform I use for international wires (First transfer is free)
BTC Wallet — If you want to support my daily investments.
bc1qxqlgy7hwdvtwl3x3vjrvtuz4k4eugt6lpxs666
