RANDOM CLOSET

an amateur blogger | INSPIRIT HOTTEST

4 Reasons Why You Should Start Investing NOW

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Thought Catalog

We learn so much in school, but we never learn anything about personal finance. Which is odd, considering that everybody is preoccupied with money once they enter the real world. It’s more important than ever to become financially literate. Because…

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1. Compound interest is awesome

Mind Blowing fact: If you invest $1000 for 7 years with a return of 10% per year and then stopped contributing to your portfolio, you will have more money at any point in time than the guy who started 7 years later at $1000 per year at 10% for the rest of his life.

The lesson? Invest early and often. I know it’s hard to get started early, but if you can manage it, you will be set for the rest of your life.

2. Social Security is in real trouble

Depending on who you ask, 30 years from now (when the first Millennials…

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Author: utaminel

smaiilllllll..... ;)

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