Procrastination and the assumption that one has a lot of time ahead of them can delay one from enjoying the benefits that come with investing. Start today for the best outcomes over time. Investing early comes with the following benefits:
The earlier you put your money into a long-term stock, the more money you will make over time. Investing on the market at an early age allows your investments more time to grow.
Practice makes perfect! The earlier you start, the more experienced you will become as an investor, and with each investment you will get better at it.
The younger generation are perceived to be reckless with their finances. Poor spending habits are developed at a younger age and these can persist into later years. Cultivating an Investing culture today helps you to develop positive spending habits which give you better control over your finances.
People are motivated to work for a collection of reasons. Most seek to improve their quality of life. Starting to invest early guarantees you a good quality of life when you are older, when your earning capacity is diminished, but it also provides you with good moments along the way.
You must be aware that it will not be easy to commit towards setting aside money for investment when you are young. The temptation to spend, often impulsively, is very high. It will take a level of determination and dedication to make it work. While it is tempting to wait for the “best time” to invest, especially in a rising market, remember that the risk of waiting may be much greater than the potential rewards of participating. You simply cannot afford not to invest. Investing early is a decision you will never regret.
