In the book Smart Women Finish Rich by David Bach, he recommends to save 12% of whatever you receive (paycheck or money transfer from SD) no matter how little.
Let's say you have a Splenda daddy, who can only afford $150 biweekly. He's a janitor, but he's generous and puts spending money in your pocket. 12% of 150 is $18. Let's round that up to $20 saved out of your biweekly $150. You have practiced a primary financial principle of paying yourself first, before any bills.
You are putting $20 aside for your financial future. That's $40 a month, $480 a year. It may seem like a small sum, however $480 can generate a large return if invested wisely. This is where a financial advisor becomes essential, to efficiently multiply your money with a minimal risk of loss. At least compared to gambling with investing independently.
Aside from multiplying your money, you should invest your money into skills. Pay for subscriptions and tutors to upgrade your career skills and passions, such as piano. The best investment you can make is buying books. Not in excess, start with one at a time. With your $150, spend $25 on a book about money management or how to invest. Don't rush to buy a book; flip through pages and read what the author has written. Decide on a book that fits your goals and ultimately you have made a wise decision for your financial future.
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