Part 2/7:
If you're in the former category, consider avenues like side hustles, career advancements, or skill acquisition to generate that additional income. If you're already earning a reasonable salary but still struggling to invest, it might be time to examine your spending habits. Living paycheck to paycheck can hinder your investment potential.
The Power of Dollar-Cost Averaging
Back to my investment journey: through a combination of lump sum purchases and daily $20 investments, I’ve reaped the benefits of dollar-cost averaging. I began this process on July 10th, 2024, when SCD was priced at $77.50 per share (prior to a recent 3:1 stock split). After the split, the share price adjusted to $27.89.