So the big question is, why is investing at a young age can be any benefit or good to you? While most young people don’t use their income or savings to invest, many smart ones that do end out with phenomenal results. They secure themselves financially and not only that they live the lifestyle at a young age. So my saying to you is, start young and end up like the successful’s out there.
First let’s see what the young do with there money once they start seeing income. Well like most, they like to spend their money on cars, shopping, partying and other things that they do. I’m not saying don’t have fun, when your at a young age make sure you live life and have as much fun as possible. Have your fun, but also save a bit of income and use that money to invest in something, this will only have benefits for you in the near future.
Now let’s take a look where u could potentially put your money so that you could have that benefit. If you are willing to invest for a long time, then expect great returns. This could be millions by the time you take it out. If you want to invest short term, you can also make great returns, but it’s a more high risk thing and you have to be educated to get to that level.
What is a long term investment, it could be putting your money into property. Property you see as a long term investment, you buy it at a good price and hopefully in 10 to 20 yrs it would be doubled or even tripled depending on the area you buy it. Buying a property can take a while if you don’t know where to start, but there are great seminars and educational course out there that you can attend and use to help you with those issues.
What is a short term investment. Short term could be putting it into high risk shares, and making huge returns in 6-12 months. But doing this strategy you need heaps of education, because it’s so high risk you could potentially lose all your money. But in return, if you know what your doing you could make whatever you want in the stock market, depending on your starting capital. There are so many stock market strategies out there, so make sure you take a look at them first and then choose which one best suits you. Once you have found it stick to it and master that strategy.
So my next point really comes down to this. Before you start investing as a young person, start saving at a young age and get into that mood, because you will definitely become a great saver at a more older age. The next thing is to get an education in investing, it could be property, the stock market or whatever. Really when you buy an educational course, it’s not a spending but think of it more as an investment. You will have that skill for life.
Investing for young people can be difficult, but if you follow these rules you should be on the right track.