When Is The Best Time To Start Investing? 3 Reasons Why You Should Start Investing Now
3 Secrets to Make Your Money Work For You (Without Being a Math Whiz): https://learn.investdiva.com/start
When is the best time to start investing and why you should invest Early?
Remember how last week we talked about how time is more important than money? When it comes to investing, that’s true in a very literal way.
A lot of people never start investing because they’re afraid they’re going to lose money. And yes, it’s true that you can lose money if you’re not careful. But it’s also true that if you don’t invest at all, you’ll definitely lose money.
What?!
Blame inflation. Inflation means that on average, our money is worth about three percent less every year.
Say you start investing with 100 dollars under your mattress and take it out 30 years from now. Technically, you still have a hundred dollars, but that money will only buy 40% of what it can buy now. It’s lost 60% of its value. In fact, it’s losing just a little bit of its value every single day.
Well, that sucks, right? You're probably thinking Whether I invest or not, my money’s at risk. How can I win? When should I start investing?
Believe it or not, the way to win is to start investing now. Now when to start investing? The answer is now.
Here are three reasons why you should start investing today:
Reason #1. To allow compound interest to work its magic
This is how compound interest works. Compound interest is the opposite of inflation. Instead of sticking your hundred dollars under the mattress, let’s say you invest it in the stock market, which historically has returned an average of about 10% each year. After the first year, you’ve made a profit of $10 dollars. In the second year, though, you’re investing that entire $110, not just your original $100, and you make a profit of about $11. You reinvest that $11, and keep doing that every year.
Reasons #2. You can invest more over the long term
The more time you have, the less money you need to start building some serious wealth for your family now, and for the generations to come.
Reason #3. To give yourself time to recover from mistakes and market downturns
The stock market has returned close to 10% a year in gains over the past 90 years. But, that’s the average. Some years have returned a lot more. Most years have returned less. Sometimes, they’ve returned a lot less. Sometimes, the markets have even lost money.
the sooner you start investing, the easier it will be to ride out the extreme lows and take advantage of the extreme highs.
So. When are you going to plant your tree?
There’s a saying that the best time to plant a tree was 20 years ago. The second best time is now.
The more time you have on your side, the less money you need to invest. And the less time you have, the more money you need. So don’t wait.
If you’re ready to get started but not sure exactly how, make sure to secure your spot for my free webinar, 3 Secrets to Make Your Money Work For You, to learn how I started investing and how you can too: https://learn.investdiva.com/start
*V I D E O S Y O U' L L L O V E* *Money Mindset & Wealth: https://youtu.be/8woPlC9utnw
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