Why do you need to start investing early?

by José Ricardo 2 months ago in investing

Why millennials should not underestimate the power of compounding.

Why do you need to start investing early?

Nowadays, in an increasingly changing world and where globalization has totally changed the way we educate and inform ourselves, investment items are more and more abundant, but unfortunately, the increase has not been seen as it was expected from people interested in starting investing at an early age.

Many people consider that to start investing you must have a huge amount of money, or a vastly higher education combined with a long history and experience in the investment field, but this could not be further from the truth.

Now, with all the technological resources that we have, any person of legal age can start acquiring assets that allow them to enter to the world of investments at an early age.

There are many types of investments that a young entrepreneur (or anyone with an entrepreneurial mindset, but with little experience) can make.

You don’t need a great degree or a college education of more than 10 years anymore to be successful in the world of investments, and best of all, these can be adapted to the unique tastes of each one of us.

Of course, I’m not saying anything against schools like many other authors do. I’m actually studying to get a degree in economics, but it’s also true, that nowadays to be a successful entrepreneur there are no academic requirements. However, being an entrepreneur is not just about having a business related to technology, or as many other people that actually make money talking about entrepreneurship m, without being an entrepreneur.

You can also have your own business related to your profession! Are you a nutritionist? Let‘a go and start a YouTube channel talking about how can we eat healthier these days. Are you an accountant? Start a blog talking about how can we be more disciplined with our money! You see? There are a lot of ways to become a successful entrepreneur these days.

There are numerous investments that can be made to earn passive income at a young age, and of course, to ensure long-term financial freedom.

From investments in the stock market, creating an e-commerce or any other type of investment with the aim of expanding in the long term, they will give you an investment portfolio that will not only help you generate extra income, but thanks to the formula of compound interest, your small investment, can turn into millions of dollars over the years.

Didn't you have the opportunity to study at a highly rated business college? Well, I’m the knowledge era, it doesn’t matter anymore!

We are in an age where technology and the internet allow you to be your own business school.

How can you acquire your own financial education? There are several methods, such as YouTube, webinars, educational pages on Instagram, applications like Coursera, reading financial education books, among many other ways to educate yourself.

Today there is no valid excuse to limit yourself in your dreams of achieving your financial freedom. And always remember that the main goal is not money, but freedom.

These are some of the most important steps you need when starting a new venture:

•Remember that before launching your service or product, you must do a correct market research, so that you surely have a potential customer base.

•It’s also very important (and this is where many businesses fail) to reinvest your profits in your own business.

These simple tips can make the difference between a successful business, and one that simply failed.

This is why many people consider passive income the eighth wonder of the world. That’s why the earlier you approach the world of investing, the earlier you can retire and dedicate your time only to your family and the things you like to do the most.

So what are you waiting for? There is no set age at which you can start investing, but I would suggest that the earlier you do so, the better. So stop procrastinating, start acquiring financial education about the type of investment that you like the most, and start your way to financial freedom!

investing
José Ricardo
José Ricardo
José Ricardo

ENTREPRENEURSHIP | PERSONAL FINANCE | INVESTING

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