356 – How To Invest If You Can Only Save $100 a Month

If you have a little money, is it better to invest it or just leave it in a savings account? And if you do invest, how can you do so with very small amounts of money? Enter Robert Brown, author of Wealthing Like Rabbits. On today's podcast, Robert shares best practices for beginner investors. Robert reviews where to store your money depending on your financial goals (RRSPs, TFSAs) and which types of investments are sound, which ones should be avoided, and the importance of looking at the 'costs' of investing. Tune in to this podcast for lots of valuable practical advice!

Additional Links:

Wealthing Like Rabbits – An Original Introduction to Personal Finance On Amazon: https://amzn.to/35sEmN0 (Kindle, Paperback and Audiobook)

Robert Brown's previous appearances on Debt Free in 30:

-Episode 14: https://www.hoyes.com/blog/wealthing-like-rabbits-robert-brown/

-Episode 77: Change Your Debt Perspective, https://youtu.be/u8MK9XVI5rA

-Episode 140: Banks Behaving Badly, Who to Trust, and Has Toronto Real Estate Peaked? https://www.hoyes.com/debt-free-30-podcast/page/21/

-Episode 184: Debt: Why is no-one listening https://youtu.be/nCZ6ojT9h5k

-Episode 211: Are you Having a Personal Financial Crisis? https://youtu.be/tuNN3c54kaU (first video podcast in Kitchener, before the studio was built)

-Episode 275: The Huge Business of Marketing, https://youtu.be/jbX6ZzS1Gdc