Why now is the best time for you to invest
From the moment the whistle blows at the start of any game, there is only one thought in every experienced striker’s mind; how do I score? For them it’s never too early. In the investment world, it is no different.
The earlier you start investing, the longer your money has time to grow. That way you can retire early and enjoy the fruits of your hard –earned labour.
This is something Mike Tyson failed to do! Shooting into success early in his life with a career that earned him around $400million, Mike was busy being a bigger boy around town, spending instead of investing his millions, so much that by the time he hit 37, he was already declared bankrupt!
Emmanuel Babayaro, David James, Marion Jones, the list goes on, successful sports men and women who failed to invest when the going was good are now on the sidelines, living on scraps.
Early good financial planning and investing is particularly crucial if you’re a sportsman or sportswoman, because of the average retirement age of 30-35 years, due to injuries, reduced fitness levels, aging etc. In comparison, other professionals like engineers, marketers, lawyers, doctors, etc. are just reaching the peak of their careers at around the same age of 40 to 41 years.
So, they have a longer time to earn, invest and grow their money for retirement.
You need to start investing from the first paycheck. It‘s important not to feel rushed into making investments that you don’t fully understand. There are a whole range of investment possibilities out there, from the stock and bond markets, mutual funds, to exchange traded funds (ETFs), and so on. The key is to know what you want to invest and for how long.
-Wealth Makers Club
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