Simple Ways to Start Investing at a Young Age

Simple Ways to Start Investing at a Young Age

Investing is a process that can be very rewarding if you remain patient and consistent. It’s also a process that you can start whenever; you don’t need to be a financial genius or ridiculously rich to start making more money. It’s ideal to start investing while you’re young so that your funds can grow over time. After all, there’s no time like the present to start earning more. If you’re interested in investing, keep reading below for some simple ways to get started.

Seek a financial mentor.

A little guidance never hurts anybody. Plenty of people have financial advisors and mentors who serve as a resource while navigating investments. It’s incredibly helpful to have a professional make recommendations and take a closer look at your own investment plans.

Mark Wiseman is an excellent global investment manager and business executive to reach out to for assistance. Wiseman, a certified member of the Canadian Institute of Corporate Directors, has served several of advisory roles throughout his career, such as the Senior Managing Director (a position he held until last year) and Global Head of Active equities, both with the investment management company BlackRock. Wiseman regularly lectures at the University of Toronto and Harvard Business School, which is no surprise; his extensive knowledge of economic policies, business, and investments extends far beyond the classroom.

Take some online courses.

The COVID-19 pandemic has caused several schools to readjust their academic plans. Instead of attending class in-person, you can take the same course as an online student. Online programs are becoming more accessible for students and, honestly, it’s nice to meet with instructors at a safe, digital distance. Just because universities and colleges are closed to the public doesn’t mean your learning has to stop.

Full Sail University is an excellent school for courses in business and economic growth. Full Sail University’s degree programs offer several paths for Full Sail University students, such as the Full Sail University’s Dan Patrick School. As a Full Sail student, you’ll find many degree programs that will teach you essential knowledge on how to manage finances. Just check out what their Alumni have to say! Visit Full Sail’s admissions page to learn more about tuition and scholarships.

Start with small changes.

Small habits can turn into significant, focused results. Saving is necessary for investment. Before you invest your first dollar, you’ll need to have the money to spend. With bills, necessities and unexpected spending, it’s often a challenge to put money aside. Try to create and stick to a budget that works best for your finances, and don’t worry about putting aside huge amounts. A few dollars or cents can really add up over time.

You can start out by simply saving any literal change you have. After you come home after being out, check your pockets for any leftover bills or coins you have. Set those aside in a jar or piggy bank and try your best not to use them. Of course, in this digital age, there are several apps that will actually save your leftover change for you. Apps like Chime, Acorns, and Qapital are great to for streamlining your savings. They round up transactions from your card charges to the nearest dollar and move them aside for later.

Have a robo-advisor do all the work for you.

You probably have a few questions about investing. Of course you do, it’s a whole new frontier for you! Fortunately for those of us who prefer to work digitally, Robo-advisors were invented to help you with all of those initial questions. Instead of figuring out the numbers yourself, robo-advisors can set up a plan for you after a series of questions regarding your banking information and finances. By using aglorithims, robo-advisors are then able to manage the progress of your portfolio. A few robo-advisors to check out are Wealthfront, Betterment, and M1 Finance.