Retire Young-ish

Why Starting in Your 20s Beats Starting in Your 30s — Even if You Invest Less


Listen Later

The source advocates strongly for beginning investment in one's twenties, arguing that the timing of this decision is more impactful than the initial amount invested. The key benefits of starting early include harnessing the exponential growth of compound interest, which dramatically increases wealth over a longer time horizon, as illustrated by comparing investors who start at age 25 versus age 35. Furthermore, younger investors can afford greater risk tolerance due to their long investment horizon, allowing them to pursue higher-return assets like stocks. Finally, starting early helps in building strong financial habits and taking advantage of fewer financial obligations commonly present in one's twenties, setting a better foundation for long-term financial success and resilience.


https://tradersuggest.com/why-starting-in-your-20s-beats-starting-in-your-30s-even-if-you-invest-less/

“If you don't find a way to make money while you sleep, you will work until you die.”

Warren Buffett
...more
View all episodesView all episodes
Download on the App Store

Retire Young-ishBy Adidas Wilson