Early Investment in the 20s and why it is important?

Investment is the art of patience and determination

Investment is essential. However, we all know theirs no easy money in this world. So at this point in time investing in your early financial life cycle is essential. Why early? Because the 20s are the preparation stage of your financial life cycle. It is a period when you have the ability to take risks, invest for a long period of time and let it grow multiple times along with your age with no burdens i.e family, children, etc. Despite this fact it is the perfect age where you can balance between your expenses and savings.

Investment in your 20s helps to build a better return in the power of compounding. The power of compounding is calculating investment by adding its earnings to your base amount every year through the same rate of interest and reinvesting it. Making money is not a one-day improvement and hence the maths of compounding makes a remarkable difference when it’s done for ages.

Generally, investment works on the principle of buying and holding. Investment is the art of patience and determination. Although long-term investment is not affected by the short-term fluctuations in the market hence, it decreases the risk factor. Unlike trading, we don’t have to check up on the market situation every second. Investment is flexible in nature. We simply invest in quality companies and go through their work weekly or monthly.

Investment is like sowing a seed and taking care of it till it turns into a huge tree… As a matter of fact, having genuine knowledge about finance is important. Moreover experimenting with your knowledge by risking your income through investment is a major task. If it didn’t took Warren Buffett at the age of 11 million dollars to become a billionaire today why not start investing with the money you have right there in your pocket now.

@TanayaTalks

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