Are you waiting to invest until you have more funds to work with? Don’t wait! The size of your portfolio 20, 30, or 40 years from now won’t reflect the dollar amount you start with today; rather, it will almost entirely rely on the amount of time your money had to grow. Starting with any amount right now is better than waiting to start until later. Period. My honest advice to most people I speak with is getting started is the most important thing when it comes to investing. Every day you delay investing is another day you lose the benefit of compound interest (which is earning interest on top of your interest). And compound interest makes saving small amounts over many years much more lucrative than waiting to invest a larger amount down the road. It leverages time to make your money work harder, and your wealth grow faster. Therefore, the number of years your money has to grow is more important than the amount you begin investing with. There are many tools and articles out there which speak to the power of starting small and building from there. For example, check out the article Smart Investing on a Small Budget from Investopedia. Whether you have a few hundred dollars or a few thousand to invest, there’s a way to get started that’s right for you. Don't be discouraged by your budget. There are ways to build wealth using the options available to you today. You just have to be willing to be proactive. If you have questions about how to get started, feel free to reach out to us here at Kobo Wealth Strategies to help you make it happen. |
Your Wealth Is Waiting
