When you make an investment, you are setting aside money for future income or to reach your goals. When you invest, you’re letting money work for you instead of having to work for money.
Today there are a variety of investment choices. This will help you outline the financial benefits of investing, explain some basic investment terms and hopefully will motivate you to start an investment program.
Many think they don’t have enough money to invest. If you are one of them, consider what will happen if you wait to start an investment program.
While the end results in the example don’t appear to be substantially different at first glance, consider these “hidden” figures. If you begin investing now, in 20 years you will have invested a total of $12,000, and your nest egg will have grown to $33,394. Wait 10 years and you’ll end up investing more to end up with less. You’ll invest a total of $18,000 that will grow to $29,027. This means by waiting, you will have set aside $6,000 more to earn $4,367 less in 20 years. The example assumes you can earn an average of 9 percent in the 20-year period.
Learn as much as you can about investing. It’s not difficult and can be quite profitable.
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