Why being 30 is the best age to get rich
The true way to get rich is to start small, start as early as possible, and be consistent over time. You only need your first $2000 to start your investment portfolio, and if you have an excess $100 per month to throw into it, you will be well on your way to ‘rich’.
I work with many young professionals in my age category, and I too myself am in this category.
Whilst it might not seem like a lot now, and you may be thinking ‘why bother’, the earlier your start to invest, the more it will eventually become. The same amount of money invested over a longer period of time, verses a shorter period of time, will always equal more.
Below I outline 2 different scenarios investing the exact same amount of money, just over different time frames.
You are still investing the exact same amount of money, but the longer you have it ‘in the game’ the more it will make for you.
Many people in their thirties are trying to bed down the rest of their lives, and think that they have a long time until they start investing, but if you have just a small amount of excess cash, you can start your investment portfolio sooner rather than later.