Thanks to the power of COMPOUNDING investing for a longer period of time is more effective than waiting to "have enough to invest". Starting early is one of the best ways to build wealth, and there isn't a better time to start than today.
2. Make it a Habit
Investing regularly and being disciplined about it can help you build more wealth. You don't have to worry about market fluctuations and you don't have to worry about finding the perfect time to invest. set your investment on autopilot and relax.
3. Have a Goal
Much like BUDGETING, you have to have an ending target. Clear and realistic goals will help you stay focused and motivated. Having a goal also helps you determine how much you need to save and the rule of thumb is that the more you save (and invest) today, the less money you would need in the future to achieve the same goal.
4. Diversify. Diversify. Diversify.
You must know by now what happens when you put all of your eggs in one basket. In Investments that means your portfolio might dramatically decrease in value altogether and this is a risk, you do not want to take. Spread the risk across different assets, markets, and industries.
5. Don't Panic When the market is Down
A good investor (as opposed to a trader) is one who is does not let his emotions get in the way. Investing is for the long run and patience is the key.
