So between a maccas job and a school based traineeship i pull in (after $50 a week for expenditure) at least $105 a week (with the minimum of 6 hours a week at maccas and the weekday rate of $14.6 p/hour).
I have $2000 in a savings account (made from reselling basic clothes) and by the end of the year i’ll have $2312 (24 weeks of work as i don’t work holidays).
My questions are: 1) Will $4312 be enough to start investing (planning on investing into EFTs)
2) I’ve read the lazy uncle guide on ETF investing and was wondering if it really is as simple as it reads
3) Was there any other sources you would recommend to learn about ETF investing
4) If i was to invest on a regular basis, was there a minimum amount you have to invest in one transaction
5) Is 16 too young to be investing and do you think my income is too low to be investing
Thank you! if there is any other info required, let me know in the comments.
Submitted May 27, 2023 at 06:25AM by Serious-Rest-3409 https://ift.tt/iQBOsHv
