1. Set yourself an immediate goal of $1,000
As soon as she decided to start saving and investing, Canna set herself The $1,000 Project for saving. Never at any stage did I say to myself, I want to save $200k, because at the time that seemed like a crazy amount of money, Canna said. Instead, I focused on what I could do right now, and $1,000 seemed like an achievable amount of money to save.
As soon as the mum reached $1,000, she put it in a diversified investment portfolio so that she wasn t tempted to spend it.
Over the six years, Canna continued to save in chunks of $1,000 - investing as soon as she hit her target.
1. Sell some clothes
The first thing Canna did was go through her wardrobe and sell any old clothes she no longer wore or needed. I used the excuse of March to sell all my old clothes I no longer needed and put them up for sale on my Instagram account, Gumtree and eBay, Canna said.
Often, you d be surprised how much other people are willing to pay for items that you no longer deem wearable.
The first thing Canna (pictured) did was go through her wardrobe and sell any old clothes she no longer wore or needed
2. Conduct market research