*This article does not constitute as investment advice. Please invest at your own risk. Investments can go down as well as up. For further information, please consult a investment or financial advisor*
For the majority of people, the idea of investing seems unattainable. Often people think it’s only for people with a spare million in their bank account, or the wolf of Wall Street types. But investing is now accessible to everyone, regardless of wealth or level of savings. You don't need a lot of money to get going, and it's simpler than you may imagine.
But before you consider investing - let’s address the elephant in the room. Why invest at all?
1. It can help you push back against inflation
It comes as no surprise that the majority of people are panicking as a result of the increasing inflation rate, which is entirely reasonable. After all, the majority of people currently have very little financial breathing room as the value of money diminishes as a result of rising costs. Investing is one of the few strategies that can be used to combat inflation. However, certain risks exist, but this is true in all investments. Compare that to letting your money be idle, allowing inflation to reduce the value of the money you have.
2. It’s never been easier to invest
There are many user-friendly apps available, including Freetrade and Shares that make it easier to put your money into investments like stocks, bonds and funds. With the aid of online brokers, stock market investment has been made simpler in recent years. Not a fan of apps? You can also open an account at your local bank to start investing, where you will receive personal financial orientation.
3. To achieve your financial goals
Want to be financially stable? Investing will most likely help.
Want a passive source of income? Investing will most likely help.
Want to achieve your dreams? Investing will most likely help.
Whether your financial goal is getting on the property ladder, ensuring the future of your children, starting a business or going on that holiday of a lifetime. Whatever your goal may be, having money will allow you to attain that. Investing lays the foundation for a comfortable life.
Building wealth is easier the earlier you get started. Sure, there will be challenges, particularly when you initially start. Educate yourself, start small with your investments and give them time to grow. One of the smartest choices you can make for your financial future is to start investing early. Do you think you’re ready? If you are, make sure to do your research and begin!
Fempire Finance