When Mini Means Maxi

There’s a certain sense of satisfaction and excitement in taking a big risk to make a big win. But, more often than not, modern stories of successful entrepreneurs and investors describe the moment where they decided to take a big risk, such as Zuckerberg leaving college or, as it happens, Bill Gates, dropping out of Harvard in 1975 to start his programming company, Microsoft. While everybody knows about their success stories, it doesn’t mean that taking a risk always has a positive result. In fact, everyone who struggles with debts can teach you a valuable lesson about playing big: it doesn’t always pay off. There is, however, another approach that is safer and can be profitable in the long term: Start small and grow big over time.

Chi va piano, va sano

As the Italian saying goes, Chi va piano, va sano, or the one who goes slowly, goes safely. There is an important truth in this statement, which is that going slowly can help you to avoid harmful risks and, ultimately, grow faster as you can stay away from drawbacks. In Italy, the proverb refers to taking the time to enjoy life. But it can also be applied to your financial situation, where rushing things up can lead to stressful and unhealthy obstacles. Consequently starting your financial growth with only a small step, as long as it is in the right direction, is often more valuable than investing big without security.

Slow growth is safe growth

Starting small with finances to solve big problems

The idea of starting small is more meaningful when it comes to repaying debts. If you’ve been trying to repay big debts for a long time, you need to try the debt snowball strategy, as recommended by Dave Ramsey. The idea is to focus on repaying regular amounts, however small they are. As you start repaying smaller debts first, you can build momentum and consequently, sort out larger debts once you’ve established a repayment method.

Starting small to make room for money at home

For most homeowners, the idea of making money out of their home can seem preposterous. While not many have the possibility to let a room so that the property can indeed generate income, it easy to assume that there is no value to be gained. But everyone can leverage their home to increase their income. For instance, becoming a minimalist lets you resell items you don’t need anymore. You will also find that clutter-free rooms are cheaper to heat. Upcycling your old furniture can also save you a lot of money in the long term, as long as you make every dollar count.

Make money by selling second-hand items

Small investments for big wins

You don’t need a lot of money to make profitable investments. In fact, you can start investing as little as $10 per week

and still turn the modest sum into valuable money in the long term. Investments are not quick wins but planned wealth management. Sticking to small amounts reduces the risk of bankruptcy without damaging your changes of gains.

Small sums for big win(g)s

The bottom line is everything that has grown big started small. So, take the slow path to wealth and avoid the risks that hard players have to face.