21 Growing Your Money The younger you start investing, the more time your money has to grow. Make your money work for you Wealthy people seldom get rich overnight. Unless they've won the lottery or inherited their wealth, they work hard, spend less than they earn, and grow their money through investments. When you have money invested, your investments can make money for you while you sleep. That's the way to really get ahead financially. But this takes self-discipline. When you get a paycheck, the first thing you need to do is take a set amount of money (maybe it's only $10), and "pay yourself first." Put this money into a savings account, purchase a CD, or invest it. Someone who spends every paycheck is not going to have anything extra when he/she retires. On the other hand, someone who starts investing $50 every month as a young adult...well, this person is likely to have hundreds of thousands of dollars when it's time to retire. Investing There are numerous ways to invest your money, but investing can be over- whelming and complicated—which is one of the reasons that many people don't bother with investments. People who have a lot of money to invest generally work with an investment banker, stockbroker, or financial advisor. But you don't need a lot of money or an expert at your side to begin investing. You just need a small sum of money, an interest in growing your money, and the willingness to do a little research. E-trade, Ameritrade, andT. Rowe Price are inexpensive online bro- kers, and they can be a good place for a young investor to start. Be Smart There is a saying, "If it sounds too good to be true, it probably is." When it comes to growing your money, this is definitely the case. Don't fall for“get rich quick”schemes or proposals—they never work.