My local bank is organising this contest that requires users to share about the best financial planning tip they have received. Since it is a Facebook competition, some people just post one or two liners. So to stand out from the competition, I wrote the following passionate essay. I hope it’s enough to win me a $50 food delivery voucher! 

As the saying goes, “the journey of a thousand miles begins with a single step.” Most people will have reservations about investing $50-$100 as this seems like such a pathetic amount. Will my money really compound that way, they wonder. So they refrain from investing anything at all. I used to feel that way. Luckily, I read somewhere that even an extra 10-20 bucks every month would make a difference in the long run.

So, I got over my inhibitions and began my investing journey by pumping $50 into a roboadvisor on January 1st of a particular year. That yielded a lot of positive energy because even though I just put in $50, I could call myself an investor! This got me hooked on the idea of investing. Dollar Cost Averaging (DCA) became my new best friend as I Don’t Care Anymore about market movements. I just sing to my tune and groove to my beat. One thing led to another - and I gradually expanded my investment portfolio, ranging from REITs to even cryptocurrencies. I make it my goal to be even more disciplined and invest in a Regular Savings Plan with DBS/POSB Bank this year. I’m sure I will make it happen since I have internalised the best practice of dreaming big but starting small!