5 Ways to Invest In Your Growing

Old habits die hard, irrespective of whether they are good or bad. To adopt and nurture these habits though, seeds have to be laid down in youth. One of the very good habits, which can really help a person stay independent and financially sound in old age is learning to manage money, and invest it in such a way that it can shape up your financial and social future.

This article will go through some of the most basic investment techniques that young people can adopt with any major difficulty.


  • 1

    Learn to save money

    The most common trait missing from youngster these days is frugality. Being frugal does not mean that you hold on to every single penny you earn; rather, it is about setting your priorities straight. You might not earn a huge chunk of money at a very young age unless you a miracle kid like Mark Zuckerberg, but whatever you do manage, ensure that at least 10 to 15 percent of it is saved for future. These savings can be done in any form, some of which will be explained as the article continues.

    This small amount may seem insignificant to start with, but it will grow as you grow older, and then there is a thing called the time value of money, which always increases, sometimes exponentially.

  • 2

    Invest in retirement saving plans

    Many employers provide their people an opportunity to invest a part of their salary directly into a retirement saving program like 401k. The interest rates on this and other such retirement investment plans are very high, and the best part is that it is the employee who decides as to what portion of his or her salary goes directly into the saving plan.

    If for some reason, your company does not support such a plan, you can open an Individual Retirement Account (IRA). There are many types of IRA plans which the government offers and there is a significant advantage given to younger people while opening it.

  • 3

    Invest in stocks

    Get into the stock market at a very young age. Find reputable broker who can help you get hold of some funds having a lot of stocks. Don’t limit yourself to any particular type of stock, like short cap stock, emerging market stocks etc. Try to get hold of all types of them. There is no doubt that stock markets are all about probability, but sooner or later, profits will come on a particular stock. When that happens, cash your money and re-invest. Do it young so that you have a lot of time to wait for the right moment.

  • 4

    Quickly pay high interest debts

    The amount of interest on credit cards and car installments can be very high, and the revolving debt can literally suck the life out of you. Make sure that you always save enough funds to pay these amounts quickly.

  • 5

    Always have a backup plan for emergency

    Always save for emergency so that you have discretionary funds to tackle whatever situation and don’t have to compromise on other saving plans.

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