Why You Should Start Investing When You're Young

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Hello Everyone

When it comes to investing early or starting off something at a young age, it comes with lot of advantages. As someone with a prospect of getting wealthy much earlier, it's best to start testing the waters at an early age.The earlier you begin, the better for you in the long term.

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It is quite beneficial beginning early has it gives you a proper chance towards your future. Here are reasons why as a young person you should consider investing while at a young age;

1. Ability to take more risks due to time

Been young comes with the advantage of taking more risks has you're still not yet faced with several responsibilities or much things to border about like those in their later part of their lives. At that young age you're still free like a bird and you can venture into anything without been too cautious. Also at this stage you have the ability to recover much quickly given the advantage of time by your side.

2. It puts you a step above everyone else

In comparison to your peers, investing early will put you ahead. Additionally In the long terms, you will be more prepared for life and able to handle anything that comes your way due to cultivating the habit early. You'll also be better prepared for hardship when they come because of your early investing.

3. You Gain from Compound Interest

Investing early puts you in a better position to earn from compounding as you get to reinvest your income from your investment. Two people who invested in a certain business with the same interest rate and same maturity date but one starts about 5 years earlier. That person tends to reap higher return due to starting much earlier.

4. Affords you the benefit of planning for your retirement or retiring early

Investing at a young age affords you good and quality life with the opportunity to quit to have a better retirement. That period tend to be quite challenging for those who don't plan for it. To avoid this, it is important to start early so as to have financial stability and better chance at living a life after retirement

Conclusion

The benefits of early investing is always better when it comes to anything. We all desire to have financial stability early in life and to llive a quality life at old age. To make that possible, we must learn to plant seeds early by investing at a young age if we intend to reap good fruits in our good old days.

Thanks for Reading

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2 comments
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Be aware that the world is rapidly changing. What worked in decades past is not going to work in the future expecting to just collect interest as fiat currency rapidly loses value. It's almost comical at this point; my credit union is offering 5% on term deposits meanwhile official inflation is running at 8% and real inflation is more like twice that.

Most people already on Hive have some idea that cryptocurrency will be the new system in one form or another. Get crypto, precious metals and other hard assets and get ready for the collapse of the old system.

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What worked in decades past is not going to work in the future expecting to just collect interest as fiat currency rapidly loses value

Indeed that's why I also recommend savings In other store of value has fiat system is failing. Crypto, precious metals etc are great ways to go has inflation kicks hard.

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