When investors get asked:
What do they regret the most about investing?
One of the main answers to this question is “STARTING TOO LATE” …
So what are you waiting for? START INVESTING!
I was just 20 years old, when I started my first company and only 21 years of age, when I made my first investments.
Most of the people think that you need to have sizeable amount of money to start investing, otherwise it does not pay off. THAT IS COMPLETELY FALSE!
I started with just 10€ and yes, you read that right! 10 euros! You can read about it at my blog post “When and how I started investing”.
With the addition of thinking about investing, when they have established a decent income or a job position. But not realizing that getting into such situation will often at best take several years, but more often close to a decade of hard work.
By that time they have already lost a great deal of the most valuable asset about investing – TIME!
In 10 years TIME, compound interest can make miracles even to small-scale investments!
For example investing 1000 euros for 10 years with the interest rate of a decent 8%. Compound interest will earn you a hefty amount of interests – in our case the interests would be 1225,35€ + your original investment of 1000€. Total withdrawable sum 2225,35€.
Now imagine the outcome, when you would also ADD more money to the calculation. Voilaa!
The power of compound interest!
Try it with your own numbers. Compound interest calculator – https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
SO! The sooner you start learning about investing and making investments the better it is for your own good and financial well-being.
Remember! Investing is a marathon, not a sprint!
My investment history – https://financefreedom.eu/investment-history/
My portfolio – https://financefreedom.eu/my-portfolio/