Feeling stuck financially - Can investing actually help if you’re living paycheck to paycheck?
Hi everyone,
I’m a full-time white-collar worker in my late 20s (F), living on my own. I earn just under USD 70K annually after tax.
At the moment, almost all of my income goes toward rent, groceries, bills, and basic personal expenses. By the time I cover everything, I don’t really have much (if anything) left over for myself. I also have around $5K in debt that I’m currently paying off in installments.
Lately, I’ve been feeling stuck in a cycle where I’m not able to save any money, and it doesn’t seem sustainable long-term. That’s why I’ve started thinking about building some form of passive income.
I’m considering getting into investing to try and make some extra money on the side. However, given my situation, I can only afford to invest a small amount right now.
Do you think it’s still worth starting? Any advice or suggestions would be really appreciated.
Thank you! ☺️