7 good reasons to start investing early
As you know, investing is an important thing to think about. Nevertheless, in the hustle and bustle of your daily life, you prefer to put off thinking about your finances until later. After all, you're young, you've got time to think about it! Well, it's precisely because you have time on your hands that it's a good idea to start investing your money now. Because being young also, and above all, means thinking about your future, here are 7 good reasons why you should start investing with Birdee.
YOU BENEFIT FROM COMPOUND INTEREST
One investment strategy that's guaranteed to work is compound interest. The aim: to accumulate and watch the interest on each of your investments grow. When you invest your money, even in small amounts, you allow your earnings to generate more interest. The younger you start investing, the more time your investments have to grow. This means that every euro invested today can be worth much more in the future.
MAKE TIME YOUR ALLY
As investors know, time is of the essence when it comes to investing. The sooner you start investing and placing your money wisely, the more time you have to build up your capital. Long-term investments tend to be more stable and less prone to risk. Indeed, even in the event of a sudden drop in the stock market price, you have time to ride out market fluctuations and cope with inflation risks, without fearing for your return.
YOU DEVELOP GOOD MONEY MANAGEMENT HABITS
As we all know, being young is often a combination of carefreeness and freedom, which you want to keep for as long as possible. But that's no reason not to take care of your money. Learning to invest early encourages you to develop good financial habits and put money aside regularly. As well as understanding how investing works, you'll improve your day-to-day financial management.
Do you have a savings account? Instead of letting your money sit idle, invest it! There are so many investment products to choose from: SCPI, life insurance, stock market shares, PEA or even unusual investments - you're spoilt for choice!
YOU HAVE FEWER EXPENSES TO MANAGE WHEN YOU'RE YOUNG
House loans, children, high rents: when you're young, some things seem far away, so it's all the more reason to take advantage and invest. Even if your studies and student life can be expensive and you don't have much income, investing when you're young and a student is possible, even on a small budget. Do you have some savings tucked away in a drawer? The good news is that you can start investing with as little as 50 euros!
YOU HAVE TIME TO PREPARE FOR RETIREMENT
You've got your whole life ahead of you and may not yet know what your next weekend will be made of. Nevertheless, preparing for retirement can be done at any time, whatever your age. Take advantage of being young to invest and save to build up more capital for your golden years. Investing is also the assurance of a more serene and secure future.
INCREASE YOUR CHANCES OF ACHIEVING YOUR FINANCIAL GOALS
Whether you want to buy a property and build up your assets, take a trip to the ends of the earth, or make a personal dream come true, investing today can help you achieve your financial goals more quickly. Do you have a project in mind that you know is going to cost you money? Then start investing as soon as possible. That way, your first investments don't have to be substantial. You start by investing small sums, and then your returns and long-term investments will do the rest. On the contrary, if you wait a long time before investing, it will take longer to get the results you're looking for.
GRADUALLY DIVERSIFY YOUR PORTFOLIO
Investing early allows you to diversify your portfolio over time. You have time to choose your investments and take advantage of the opportunities that present themselves. So rather than rushing into an investment that's a little too tempting, take the time to invest at the right moment. As a result, you'll be able to multiply your investments and cope with market fluctuations and stock market prices.
Would you like to invest while helping to make the world a better place? Discover socially responsible investment!