At Super-Advice we are about all things financial, but more importantly, helping people understand so they can get ahead financially.
In today’s blog post we share with you what we think about when you should invest in shares and how you can easily start.
It’s never too late to start investing
Start now. This is my message to all of the viewers that are twenties, thirties, forties, fifties, and even sixties, but start, especially you younger people, start investing now!
Find a little bit of spare money, talk to us about setting up an invest account and start sending the money over.
Is investing wise?
If you go and find someone for me in their sixties and ask if they are investors, ask if they wish they started investing in their twenties and thirties, and I would hazard a guess that most, if not all, would say a definite yes!
Time is your friend.
This is something that I encourage you not to put off.
Now, I know a lot of you are probably already saving and investing with Kiwi Saver, but it’s not enough.
It’s not gonna be enough. If you can find a spare little bit of money, and start tucking it away into an investment account that we can set up for you and teach you how investing goes along the way. You will start to see a big pool of money grow.
We can help you. We make it easier.
Why start investing when you’re young?
As you start investing you will start learning. As you start learning, you can’t help but start to talk to people about it. Then other people will start learning and we will eventually lift the socioeconomic profile of New Zealand, which is a great thing for everyone.
Savings vs Investment Example
If you are 35 and you start putting away a hundred bucks a week, which might be a stretch for a lot of you. So try half, try 20, try 10, it doesn’t matter. Just do something.
If you put away a hundred dollars a week and we were able to obtain an investment return over the long term on average of 10%, which is, which is good and achievable.
At 65, if you had just put the money under your mattress, you would have a $156K
If you invested it, you would’ve $856K.
That’s the difference.
So open up an invest account. It’s just a no-brainer. We can help you do it and teach you along the way. Ultimately, we wanna help you get financial freedom.
That’s a wrap
So what do you think? Did you learn something new today? We love educating and helping people learn all about insurance and finances.
If you need any financial help or advice please get in touch with us at Super-Advice.