Like anything else in life, the younger you start, the better off you will be in the long run. Tiger Woods could putt at the age of 3. Warren Buffett started investing at age 11. My cousin Sonny, at 5, knew he wanted to be a doctor; he went on to become a very successful surgeon.
There’s a huge advantage to starting early; however many of us don’t. It doesn’t mean we’re doomed. We do eventually have to get started, though; it’s better late than never.
Case in point: Today I met a gentleman in need of employment. He was looking for security guard training, to be more specific. Without my probing, he revealed to me that he is 66 years old and receives $1300 per month in Social Security, and nothing else.
I couldn’t help but think how much this man could have accumulated had he invested in the stock market over the last 50 years.
The problem is that no one is taught the importance of investing for the long term.
I’ve said this before, and I’ll say it again: We are in one of the most exciting times in history with regards to investing!
Please, if you haven’t gotten started, do so immediately!
If you don’t know how, then buy my book and learn how to get started. If you still need help after purchasing the book, then reach out to me.
If you’d like to share your experience as a beginning investor in the comments section, I’d love to read it!
Click the image of the book at left to be taken to its Amazon page. (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)