6 Tips on How to Start Investing Money at a Young Age
Everyone has a dream to live a good life and a driving force
for all this is – MONEY.
You will not wake up one morning and find yourself wealthy
or with a lot of money, you will have to go through many ups and downs before
getting there.
The best way to secure your financial future is to start
investing as early as now – the younger you start investing, the better and
higher chances for you to thrive.
Open a savings account
This is the easiest way to invest your money as you can do even if you are under the legal age – 18 years.
Opening a savings account can offer a sufficient investment in
future like paying for college/university tuition, buying a car or starting
your own business.
Open an investment account
An investment account offers far much better returns compared
to a savings account. With this account, your money earns an interest that will
keep growing your investment.
Buy stocks or shares
As much as the stock market can be highly unpredictable,
investing in buying stocks or shares offers the very best returns – compared to
other forms of investments.
One of the places you can invest in is First and First Capital International that allows you to earn at least 163% on your invested capital on shares.
Also Read: Make Money Online Today (Step By Step Guide)
Start with Ksh7,000 ($70) per share and a maximum of
Ksh35,000 ($350) for five shares. At Fnfcom, we pay Ksh14,500 per share after
90 days.
Go for bonds
Buying government bonds is less risky compared to buying
stock and shares but annual interest is a bit low – however, it offers a
starting bond to start investing.
Avoid debts at all cost
Many of the youth today have debts all over, be it Fuliza,
Mobile Loans, Okoa Data and Okoa airtime etc. For you to make smart investment
moves, you will need to learn how to control your spending and avoid debts of
all kinds.
If you have a problem with too much Okoa Data, Okoa airtime
and Mobile Loans, join Fnfcom, we have an online airtime distribution platform
specifically designed to address this challenge that mostly affects the youth.
Take risks
They say nothing comes on a silver platter. While still
young, you have better options, enough time and energy to take risks and make the decision to invest.
Join Ffncom online airtime distribution system and earn
Ksh4,500 or invest by buying shares from Sh7,000 ($90) and make up to Ksh14,500
per share.
Also Read: How to Make Ksh4,500 Daily Online
Written By Joshua Cheloti
Joshua Cheloti is a digital journalist and an experienced content creator with demonstrated writing skills on a variety of topics ranging from digital investments, business and technology.
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