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If you're a beginner to the world of investing, you may be slightly overwhelmed with where to start. What’s Bitcoin? Don’t you need a lot of money to invest? What exactly is the purpose of investing?
There’s a lot of information to take in and a lot to learn!
So, in today’s post, we’re starting with the basics and outlining some of the main benefits of investing so that you can dip your toes into the world of investing and get the motivation you need to take the dive.
1️) Future-proof your Finances
One of the main reasons people start investing is to prepare for their future. However, many make the mistake of believing they don't need to do this until they're much older.
Well, we’re here to remind you that there's no time like the present.
According to @cupofcents, if you invested £100 every month for the next 30 years, you could bag yourself a nice £40k at a growth rate of 1.5%!
2️) Build Your Wealth
Financial wealth is the dream for many of us, and investing can make that dream a reality. Whether it's your pension pot or bitcoin, investing can pay-off big time if you do it right.
Start small and work your way up. You don’t even need to be rich to start - you can invest today with as little as £1 and enjoy the financial security later in life. You’ll thank yourself when the time comes!
Check out this post from @grownupsclub on 3 easy ways to start investing.
Thinking about investing ethically? Check out our blog post why on why you should consider ethical investing to put your money towards what you value most.
3️) Feel Secure
Whether it's retirement, education, or simply growing your wealth, at the end of the day all of these things share one thing in common: they’re simply an investment for peace of mind.
“Do not save what is left after spending, but spend what is left after saving”. - Warren Buffet
Investing is just as much for the benefits of your wellbeing as it is for financial gain.
Wouldn’t it be nice to enjoy an early retirement and take a trip around the world? Or maybe you want to achieve a personal goal like starting your own business? A percentage of your earnings and savings should ultimately be for you and your future ambitions!
Investing now could change your life for the better, and help you to feel more secure about your future - whatever it may hold.
With ImageNPay, you can track your spending and manage your finances securely, all within our mobile app - making it all the more easier to save money and start investing for the life you really want!
Click here to download for FREE today on iOS!
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