4 ReasonS Young Adults Need to Be Investing

Most young people do not get it, but there are four (4) important reasons why investing is especially important for young adults. And it is not just about getting rich.

Things happen in life that call for big amounts of money but when we are just 22 or even 32 we think we've either got them covered or it will all work out. We do not know how, just figure the money will appear or the costs will not. Well, as any 35 year-old or especially 42 year-old will tell you, it does not quite work out that way.

The point is, the sooner you start investing in the markets , yes, safe investing, the sooner you will be able to handle these four critical events that face almost everyone.

Four Money Demands

These large, almost huge demands for cash can suck you dry if you are not prepared, or put you in major debt for years to come.

The 4 Key Money Demands

  1. Photo – you wanted children, and then 18 years later the big bill comes: yes, for each child $ 60 – $ 120,000 dollars. The days of a student working their way through college are long gone – nobody can earn that much money during summer break or washing dishes in the student cafeteria; and yes scholarships can help, but only a few get one or even enough to make a real dent in the cost.
  2. Wedding time – yup you had kids and now they are getting married. A daughter's moderate wedding will start at ten grand, ($ 10,000) and if she wants a big wedding – well those are going to start at $ 25,000. And having a son does not get much easier – that rehearsal dinner with the wedding party and immediate family costs a lot more than McDonald's, a lot more. And these costs get multiplied by the number of children and gifts, do not forget you will want to give your own child something special, something they will remember that will be synonymous with your name for ever and ever.
  3. Retirement – yes just about everyone knows it is important to have a retirement account, either one you set up yourself or through work. But less than half of us have one and even worse, less than 25% have enough money in their accounts to live on when they retire. Sure there is social security – if you want to downsize to a one bedroom, bare basic apartment, limit your travels to the grocery store and only buy food for which you have coupons.
  4. The Unmentionables – yes what about those expenses, big and small no one likes to talk about, budget or deal with until you have too, and they're not cheap.
  • Funerals – yours, you spouse, sometimes a child
  • Dental work – a crown on a tooth is $ 1,500 plus
  • Care for a sick parent
  • An inheritance for your grandchildren or your children
  • Dream vacation when you retire

Unfortunately most adults who invest in the markets do not start until it's too late , way too late. The time for safe investing, profitable investing that will help with these critical and almost for sure super major expenses is now, not tomorrow or next year or when you have more time; it's now, today.

Even if you start with a small amount and add to it every month, it will add up. Using an investment software program , especially one based upon relative strength investing that you can tailor to your style and objectives will make safe profitable investing not only possible, but hugely successful.

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