Most young adults nowadays aspire to achieve financial independence yet do not know how. One of the smartest ways to build long-term wealth and achieve financial security would be through investing.
By investing at an early age, there is time to learn and earn. This is why most of the older generation would advise the younger ones to start investing while they are still young.
However, there are young adults who harbor uncertainties and perceive investing as something challenging. If you’re one of those young adults, then here are a few tips that could help you as you get started in your investment journey.
# 1 Start small and start young
Investing early allows you to start small and slowly build up your portfolio. There is no need to invest a huge amount, especially if you’re a beginner. Instead, be consistent in investing.
Investing regularly while you’re young enables compounding to work in your favor. Over time, your investments can grow because you will be earning interest, receive dividends, and benefit from the appreciation of share values.
# 2 Educate yourself
As a young investor, you have all the time to study and learn about the basics of investing. Understanding simple concepts of investments can help you in your investment journey. So take advantage of resources around you such as books, online courses, or even summits.
Learn about what you’re investing in and what you will benefit from it. Educating yourself will help you make better decisions and improve your finances.
#3 Consult a professional
There are many opportunities to profit from investing. But, before deciding, consider consulting with experienced investors. So find credible people that you can trust, ask them all the questions that you need to ask, and allow them to mentor you. Their insights, experience, and market knowledge can help you jumpstart your investment journey.
Don’t know where to find one? You can attend this year’s Philippine Property and Investment Exhibition (PPIE) which will be held on May 11-12, 2024, at the Bristol Hotel, Deira, Dubai, and learn more about investments.
