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10 Reasons to Start Investing Early
...and by early, I mean Today
(Highly Recommended Read for Young Audience)
*[A THREAD]*
...and by early, I mean Today
(Highly Recommended Read for Young Audience)
*[A THREAD]*
1. Your Expenses Are Low
When you're young, life is usually less expensive compared to as you get older. Take advantage of your youth and put your young dollars.
When you're young, life is usually less expensive compared to as you get older. Take advantage of your youth and put your young dollars.
2. The Power of Compound Interest
Compound interest allows your earning to grow each year by more than the previous year. It works hand-in-hand with time and grows exponentially.
Compound interest allows your earning to grow each year by more than the previous year. It works hand-in-hand with time and grows exponentially.
3. Valuable Experience
The only way to become experienced, is to experience. Why not gain that experience young. Learn from your mistakes and slowly perfect your craft.
The only way to become experienced, is to experience. Why not gain that experience young. Learn from your mistakes and slowly perfect your craft.
4. You'll Form Better Habits
Teaching yourself to save and invest at a young age trains your mind to form positive-rewarding habits. Build good habits and you will see good results.
Teaching yourself to save and invest at a young age trains your mind to form positive-rewarding habits. Build good habits and you will see good results.
5. The Investing Bug
It's like catching a cold, but in a good way. Once you begin to see positive results from investing, you will develop greater passion and desire to research, save, and invest more.
It's like catching a cold, but in a good way. Once you begin to see positive results from investing, you will develop greater passion and desire to research, save, and invest more.
6. Building Higher Risk Tolerance
The more time you have on your side, the more tolerance you can take on. Keep in mind that this doesn't mean 20 year olds should put all of their money into extremely volatile assets.
The more time you have on your side, the more tolerance you can take on. Keep in mind that this doesn't mean 20 year olds should put all of their money into extremely volatile assets.
7. Leads to Financial Freedom
Investing young can help you not rely on that next paycheque to survive. You build wealth and income that replaces your 9-5 job.
Investing young can help you not rely on that next paycheque to survive. You build wealth and income that replaces your 9-5 job.
8. Provides Financial Security
Investing from a young age helps secure your future. Building wealth provides a safety net in the event of an emergency.
Investing from a young age helps secure your future. Building wealth provides a safety net in the event of an emergency.
9. Early Retirement
People still fail to understand that it is very possible to retire early. Don't wait until it is too late. Invest young and don't let the time slip away from you.
People still fail to understand that it is very possible to retire early. Don't wait until it is too late. Invest young and don't let the time slip away from you.
10. You'll Regret it if You Don't
The next 10 years of your life are going to fly by a lot faster than you think. Imagine not taking action today and looking back in 10 years at what you could have made happen. You won't be pleased.
The next 10 years of your life are going to fly by a lot faster than you think. Imagine not taking action today and looking back in 10 years at what you could have made happen. You won't be pleased.
