When you are living paycheck to paycheck, down on your luck, or living a student lifestyle, it can be difficult to imagine a world where you are suddenly building wealth. Take this comment from Kendra on one of our Ask the Readers posts, “What do you do when you’re broke?”
“I feel like like Caleb a bit — in that most of these blogs don’t cover how to get started. I mean for a student, for someone who’s been born into poverty, how does one get started? I’m a student. I have NO income and my graduate program won’t allow me to get a job. I only have ‘living’ money from loans — and quite frankly, when I need more, I just get another school loan. (I have full faith that I’ll be able to pay debt off quickly and make great pay at a job sometime in June/July).
“But as someone who doesn’t know much about money other than what’s on these blogs how do I START making money work? What can I do with $20? $50? You know what I mean?”