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Young investors have a valuable advantage on their side - time. The earlier you start investing, the more compounding returns work their magic to build long term wealth.
Anyone can be a successful investor but starting at a young age is a smart strategy. It’ll give you a significant head start over time.
Nothing feels quite as good as being financially secure. It means being able to do the things you’d like to do and living the life you choose. The sooner you start, the more the investment returns do the hard work building wealth.
One of the best ways to become financially secure is by investing. You don’t need much to get started. All it takes is a commitment to set some money aside on a regular basis into quality investments, which generate a return so that your money steadily grows over time.
To get started as an investor you’ll need to work out how much you can comfortably afford to tuck away each week, month or quarter. The best way to do this is by looking at your discretionary income - that’s how much you have left from your take home pay once regular bills and expenses have been paid.
Now, decide how much you’d like to invest and how often – it’s an area where tailored financial planning advice can be very rewarding. Then, sit back and relax, knowing you are on the right track when it comes to achieving those financial goals you set for yourself!
There are strategies available to fast-track your investments. Borrowing to invest – or ‘leveraging’, can provide instant access to a larger portfolio however this should be used with care as your losses will be magnified if asset markets take a dip. The use of leverage is more suited to people with higher incomes and higher marginal tax rates.
The most exciting part of investing (apart from watching your wealth grow) is deciding where to invest. There’s a world of investments to choose from including property, direct shares, bonds and managed funds investing in these assets.