You Should Start Investing ASAP.

Young adults need to take more action in the investment world. As a 20-year-old, this was never something I thought I would be talking about so early. But the truth is, we should be investing as soon as we are able to do so. There is the key phrase. As soon as you are able to do so. For many of us, it is not feasible to start investing what little money we have when we land our first job. However, it is best to do so while we are young and while time is on our side. 

Why do I need to start investing early?

For many, it is easy to put off setting aside money for investments until later in life. However, one of the advantages of investing early on is because time is still on your side. If you can set aside smaller amounts of money starting earlier in life, you will not have to worry about saving larger amounts of money later. In turn, you will also save a larger amount. This comes back to the idea of working smarter, not harder. Additionally, this is where Invested Interests has your back. We do not have an investment minimum, so you are able to contribute how much or as little as you would like! Another reason to start investing early on is because of a beautiful thing called compound interest. Compound interest allows your money to accumulate on its own. For example, say you are able to invest $500 this year your return rate is 18%. You will end up with $590. This may not seem like much, but every bit will be beneficial in the long run! By starting to invest early, you will have the ability to make a better plan for your future. As previously mentioned, the earlier you start, the more you will end up with in the future. As an example, if you invested $100 per month starting at age 25 with an 18% return rate, you would end up with double the amount at age 65 compared to if you began at age 35. Again, this is due to compound interest.  In the world of impact investing, it is important to start early. In other words, it is crucial to begin aligning your investments with your values as soon as you can. Organizations and companies that support vital issues such as climate change and social justice can significantly benefit from investors. This is because they are then able to take important steps to take on these matters. Invested Interests is a great place to start on your impact investing journey and we offer multiple resources to help you out. More information is available here, as well as at the bottom of this page. One final reason you should start investing early I will mention is the advantage of security. It is proven that younger people are able to take more risks with their investments compared to older adults, who tend to take a more conservative approach. Additionally, if you encounter a loss, you will have more time to make up for the said loss. Do not fret if you have not begun your investment journey. It is never too late to start investing. You may not be able to travel back in time to start your journey earlier, but you have the power to prepare your future self. However, if you have not started to invest yet, take this as your sign to start. Because you know what they say… The early bird gets the worm.   If you are ready to begin investing and/or you are not sure where to start, we would love to help you! Reach out to our team here to begin your journey. Or if you would like to read more about investing and how to be financially literate, we have some incredible blog posts! You can read a couple of them here and here.

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