5 Investing Tips for Your 20s

Saving throughout your 20s puts you at an advantage on the road to retirement. If you’re able to put away just $14 per day starting at age 23, your money could reach $1 million by age 67. However, if you wait just seven years until age 30 to start saving, you’ll need to increase that amount by 50%. Hold off until age 35, and you’d have to save more than twice as much as at 23. The investing lessons here? Invest as early as you can.

Here are five investing tips to help you grow your money in your 20s.

Advertisement

NerdWallet rating 

Source link