12/09/2024
Why Invest in Younger Age!!
1. Time Is on Your Side
One of the most important reasons to start investing in younger age is that you have time on your side. Compound interest is an incredibly powerful tool that can help you grow your wealth over time. The earlier you start investing, the more time your money has to grow. For example, letโs say you invest PHP500 per month for 30 years. If you earn an annual return of 10%, youโll end up with around PHP1 million at the end of those 30 years. But if you only start investing in your 30s, youโll end up with less than PHP400,000โeven if you continue investing PHP500 per month for the next 20 years.
2. You Can Afford to Take More Risks
Another reason to start investing in younger age is that you can afford to take more risks. When youโre young, you have more time to ride out the ups and downs of the market. And if you do happen to lose money in the short term, youโll have plenty of time to make it back before retirement.
3. You Have a Long Investment Horizon
Investing isnโt just for people who are near retirement age. One of the best times to start investing is when youโre young and have a long investment horizon. This is because you can afford to take more risks (as we just discussed) and because compound interest will work its magic over a longer period. So, if youโre in younger age and looking for a place to park your money, consider investing it instead of keeping it in a cash savings account. Just remember to start small and scale up as your earnings growโand donโt put all your eggs in one basket!
Message me if you want to invest especially on Real Estate Properties!!
