Investing When You’re Young

So you’re a young person. Heads up. This is by far the most important article for you.

If you’re saving $200 to $300 a month every single month, and you’re putting that into some type of investment vehicle (it could be a TD Ameritrade or Vanguard mutual fund, a money market account, an ETF, or a piece of real estate), your saving translates to $3,600 per year. Let’s further assume you get an average of 8% per year return and that you are committed to saving money every single month and investing your lump-sum of savings once a year.

Do you know what that means, ladies and gentlemen, boys and girls?

What it means is you will have that much more money waiting for you in retirement, but that again is not the end all be all. That’s only assuming that you’re putting away $300 every month. You’ll end up making more money, than you’ll end up investing a lot more into your long term retirement fund account (whatever that looks like — Roth IRA, 401k, etc).

Side Rant:

What does retirement mean? Quite frankly, it’s an age where the government says you have to start taking your RMDs and stuff. What does it really mean? IT’S A MINDSET THING. You can retire at the age of 35 if you want to.

I help companies grow faster. Seen on Forbes, Inc, & HuffPo. www.abhigolhar.com

I help companies grow faster. Seen on Forbes, Inc, & HuffPo. www.abhigolhar.com