You should invest?

Here the answer is, you should save you know you want to invest, you need to invest, but the reality, how do you start investing? Who do you trust? Who will help you guide you Or How do you know you are not ripped off? Or how do you know you are not going to lose all your money? How to save yourself from frauds on social media sites. And, if you want to invest after your college or in your twenties here are our suggestions or thoughts.

Investing is important and you know it. In your twenties, time is on your side, and the more you save and invest now, the better off you will be later. But proper knowledge and guidance are mandatory if you want to invest early because starting investment after college is confusing, there are a plethora of options, tools, thoughts, blogs available to read about, and more. What the heck do you do? So, here I am going to share my thoughts on what should you do to start investing after college. Let’s dive in.

Why there is a need to Starting Investing Early?

According to Gallup Poll, the average age of people who started investing is 30 years old. And only 24 percent of people start investing before the age of 26. But the fact is it’s the cheaper and easiest way to save for your retirement in your 20s versus your 30s or later. Here I am going to elaborate on this.

If you start investing with just $3,200 per year at age of 22, assuming an 8 percent average annual return, you will have near about $1 million at age of 62. But if you going to wait until 32 (10years later), you will need to save near about $8,200 per year to reach the same goal in your sixties.

Do you need a Financial Advisor?

Honestly, most people, don’t need a financial advisor. But a lot of people get hung up on this need for “Professional Advice”. Here are some thoughts on this subject from a few financial experts.

I don’t believe that young investors need a financial advisor. Rather, what this age group really needs is financial education. Relatively speaking, their financial situations aren’t complex enough to warrant the cost of an advisor or planner. By -Tara Falcone, Reis Up

The straight financial science answer is you should only pay for advice that puts more money in your pocket than it costs you. By – Todd Tresidder, Financial Mentor

According to me, if you are struggling to come up with your own plan related to how to save, budget, invest, insure yourself and your family, create an estate plan, etc. It will be fruitful for you and save your time to sit down and pay someone to help you.

But the thing you need to understand is the difference between creating financial plans you execute as well as the plan the financial advisor asks you to implement. For most investors in your twenties, you can use the same plan for years to come. In fact, we believe that it makes sense to meet your financial planner a few times in your life, based on your life events. Because the plan you execute will follow up until the next life event.

Here are some of the events to consider:

How much should you invest?

If you are looking to start investing after college, a common question here is which you need to concern is, how much until it hurts. This I considered as one of my key strategies and I would like to call it front loading in your life. The basics are you should do as much as possible early on so that you can cost.

Few things you need to consider:

Final Thoughts 

Remember the early you start the easier it is to build wealth.

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