Why Should You Invest in Mutual Funds Before the Age of 25?

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“The biggest risk in life is not taking any risks.” Mark Zuckerberg. You keep telling yourself, “Next month”, for anything that you’d want to buy or do. And believe it or not, that “month” never knocks on the door. Take mutual funds, for instance. You might have been pampering yourself, giving all the reasons in the world that’d shake your will to start investing in mutual funds, investing in your future. But hey! Those reasons do not have an expiry date. If you got to do it, then just do it!

In a recent survey, it was revealed that at least 42% of people on this planet face financial crisis only because they were too lazy to start building their future. They were master procrastinators. Experts have been shouting their lungs out, trying to convince people to start investing in the top mutual funds as soon as they can. There’s a famous saying that goes around the investment market that, “An early start is way profitable than a bigger start”, which directs that when you commence your investments is way more important than how much do you invest.

So, it’s time that you should knock those lazy reasons off your chart and get serious about your future. And, if you still think that you’ve got a lot of time to put your money on work, then there are some powerful reasons penned down that’d make you revaluate your vision.

Youth and Energy – Never Stay Forever

When you’re young, you are free from the shackles of responsibilities. Whatever you earn will only be for you, and nobody else. Your mind will be focused for whatever goals you set for yourself and will not digress due to overwhelming circumstances that a married person faces. So, if you’re in your early 20’s, gift yourself the best life you could ever dream of by starting early on investments, rather than just hiding your money in your socks.

Leverage on Time – the Biggest Resource on the Planet

World renowned physicist Albert Einstein often used to quote compounding as “the eighth wonder of the world.” And, there is a pretty big reason for his philosophy. Time is the biggest resource that you have, even more precious than the most precious jewel on earth. This is because once you’ve used it, you can’t get it back (unless you’re an extraterrestrial being who knows magic!). And if you start investing at an early age, you are bestowed with the virtue of compounding, which simply means more money on your money. For some super innocent readers, here’s an example to clarify the meaning of compounding: -

Suppose you invest ₹1000 for a year at the rate of 10%. After a year, you’d have ₹1100 in your bank, which means you’d be ₹100 richer than you were a year earlier. And if you keep your money stashed for some more years, you’ll gain higher since the 10% will now be counted on ₹1100, and not just the ₹1000 which you initially invested. Still having wild thoughts? Call MySIPonline to get more information on the topic.

Create an Independent Future for Yourself

There’s no denying the fact that there will be a day in our lives when we’d have to stop working for some reason – age; illness; inner demons! And when the day arrives, how you’d like your bank balance to look like? Wouldn’t it be nice to know that you’ve saved enough for travelling the world, buying that apartment you always wanted to buy, or just do whatever you wanted to do? If you start investing in the best mutual funds at the right time, then you can achieve whatever you desire. And believe it that there’s no better time than now!

Someone great once said, “Time and tide wait for none.” Considering this, there’s a good news for you – you’re never late to start afresh in investing. Don’t fret over what has passed – or what hasn’t. Just make up your mind and walk forward to achieve your goals. Imagine where you could stand financially in your life after a year, if only you stop thinking and start acting!