Why Investing Is The Key To Your Future

Investing may seem way too stressful and confusing to even give it a moment of thought, but trust me, investing now could help you out in the long run in more ways than you could ever imagine, all it takes is a little know-how. You don’t need to be a multi-millionaire or a city banker and you don’t need a trust fund or an incredibly rich uncle, you just need to be clued up and willing.

#1 Save as much as you can while you still can.

Being in your 20’s/30’s is the prime time to start saving, even just a small amount each month will add up significantly in the future. Rather than trying to put aside a large sum of money which is always a struggle, instead, just save a small amount, which will in time grow to be something worth waiting for. Just remember it’s never too early to start investing in your future.

#2 Pay off student debt.

We know you want to forget that it even exists but student debt could lead to potential difficulties in buying a house in the future. Paying it off as soon as possible should be a priority, the less time you spend paying it off the less interest you have to pay.

#3 Choose quality over quantity.

Invest in items of value that you will get use out of and could come in handy in the future, a suit for job interviews or a reliable second-hand car, one that won’t cause you to spend loads of money on it in the future.

#4 Start saving for your pension.

I know you probably haven’t even found your dream job yet and I’m talking about saving for your retirement but honestly, everyone who knows anything worth knowing about money says you should be doing this as early as 20! Most employers will have a workplace pension scheme in place so it’s worth finding out more about it. Your employer will just deduct from your pay packet each month so you won’t even have to worry about it.

#5 Buying a Kurt Geiger handbag is totally an investment.

Ok, so maybe we’re joking – but don’t underestimate the power of an investment piece. A long-lasting piece of clothing or handbag will serve you better than a cheap but functional piece, plus when it comes to your journey to success, you need to look the part as well as act it. Key pieces will last you a lifetime and save you stress, a well tailored shirt can take you from a business meeting to the town centre and a classic bag will never let you down!

  • Ebony

    So the ultimate question is “where/how does one get a reliable second-hand car that won’t cause you to spend loads of money on it in the future

  • I also believe that now is the time to start saving and consuming consciously, and I’m trying to build life around it. Great advice!

  • I’m saving for a new car, since second hand cars need lots of small repairs and are mostly less economical than new cars. I don’t think anyone is saving for his pension yet, but it’s really a good tip!

  • Totally agree! With all of it, but also in investing in a statement bag or good quality suit. I’ve had some bags for YEARS and they’ve more than paid for themselves in just daily use, quality and functionality. It helps confidence as well, especially when meeting with slightly intimidating business people. Great tips!