Presented by EMILY PROMISE CFP®, AIF®, APMA®, CRPC®
With all that you have on your plate, from a full class load to sports practice and part-time jobs, thinking about investing is probably the farthest thing from your mind. But now is the time for you to take advantage of your youth and start planning for your financial future. Below are a few tips so you can start investing now which will pay dividends in the future.
By investing now, you are taking advantage of extended time in the market. The earlier you start investing, the more time there is for your money to grow. You can start investing now with any amount of funds. Whether it be $1,000 or $10,000, the most important thing is that you get in the habit of investing and paying yourself first.
Begin by putting a small amount each month (or even each week into your savings account, this will get you in the habit of saving for your future. By getting in the habit and setting up automatic drafts from your checking account into an investment account, you will never miss the funds.
Ways to start investing now:
- Open up an individual investment account
- Open a ROTH – if you have earned income
- Start an automatic monthly draft into your investment account
- Review your income and spending habits to determine how much you can afford to stash away into an investment account.
- Look for ways to save money … bring your own lunch, skip the Starbucks line… then invest the money you saved!
- Set goals, so you have something to save for
- Seek the help of a financial advisor
Bottom line start investing today. The sooner you begin investing for your future, the sooner you secure your financial future. Your 40-year-old self will thank you for starting young.
Engage with the entire Blakely Financial team at WWW.BLAKELYFINANCIAL.COM to see what other individualized advice we can provide towards your financial well-being.
Blakely Financial, Inc. is an independent financial planning and investment management firm that provides clarity, insight, and guidance to help our clients attain their financial goals.
Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser