GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Excited young man looking at phone cheerful with fist in the air while reading good news on smart phone. stock photo

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.

Or celebrities like Dolly Parton, Oprah Winfrey and Ed Sheeran, who started with nothing to speak of.

facebook sharing button

Heres how to start building wealth with only $5.

You set the amount and frequency; the app deducts the money and invests it for you.

With some apps, the money that goes in, say $5 a week, earns interest.

twitter sharing button

If you leave that interest alone, it will earn more interest.

Keep it up until you have enough to invest in a few shares of stock that pays dividends.

When those dividends come in, reinvest them in the stock.

linkedin sharing button

This will give you more shares.

This, in turn, will result in more dividends.

You could put it in a savings account, or better yet, get intoCDs.

email sharing button

The rates may not impress you, but theyre guaranteed.

When you have enough saved, look around and see what other opportunities are open to you.

More From GOBankingRates

Share This Article:

The Latest inMoney