START INVESTING NOW!

START INVESTING NOW!

The Time Is Now.

As my dad has beaten investing into my head, I am here to do the same. This is not something to take lightly. Investing can change the whole landscape of your entire future. If you do it right, you can be looking at millions when you retire.

Decide where to invest – There is one type of investment I want to emphasize in this post. That is a Roth IRA. A Roth IRA allows the investor to store after tax income into an account. There is a limit to how much can be invested each year. The limit is $6,000 a year in contributions. When the investor retires, the money can be taken out tax free. To me, this is the best individual investing account there is. When your money is in the account, a company will spread it to different stocks. You do not have to do anything. There are many other investment options you can invest in. The most important thing is finding what is most comfortable for you and your spouse.

Decide how much to invest – If you can, max your contributions each year. If you are lucky enough, you can max one account and invest in another account. Right now, I am investing $100 a week into my Roth IRA. At the end of the year, I will have invested $5,000. Many people can give a little more, and some cannot give as much. It is just important that you invest something. Always consider how much your bills and expenses are. Never invest too much, making it impossible to live. Never put your well-being in jeopardy. Me, I do not require a high standard of living, so I am able to invest more. Again, do what is comfortable and what will work for your life.

Never think too much about it – The worst thing you can do while investing is continuously look to see how much money you have made. On average, it takes 6 years for your investment to double. So, if you are 22, at age 60, your money will have doubled 5 times. The later years of investing is when you see your money grow tremendously. Some people stop investing after a few years. Life gets in the way or you cannot afford it. Staying loyal to investing until the day you take out at retirement will make a very big difference. The difference is hundreds of thousands of dollars. Do not become exhausted and stick to it. You will love yourself for it in the end.

Make it happen! – My mindset towards investing is “I can’t afford not to.” Not “I can’t afford it.” If you want to do the math for yourself, I challenge you to take a look. Do not wait until it is too late! Invest now!

Time Value of Money Calculator – https://www.msn.com/en-us/money/tools/timevalueofmoney