Graduation season is
here again. Thousands of graduates will now fly out of their universities to
start their own career life. Maybe some of them would not want to leave school
but many would be ecstatic to finally live the life of a young professional.
Being an entry-level
job seeker is both exciting and frustrating.
Exciting to meet new people, and frustrating to realize how difficult it
is to find the job that you’ve always wanted.
That is why graduate,
when you finally secure a post, do not forget to save even a small amount and
invest as early as possible because in investing, the earlier you start the
better, no ifs and buts.
Here’s why you should
do it.
The earlier you start
investing, the less you actually need to save
Every minute counts in
investing, because time is money. If you
start at 20 you can multiply your money 10 times more than when you start 10
years after.
Let’s say you start
saving P 500 from your first salary and you continue to save the same amount
for 10 years, which will be P60,000 on your 30th birthday. If you
invest it, it can grow as much as P100,000 on the same year.
Just look at this
analogy, a person grows from infant to a well-built adult, if with vitamins.
Trees start from seedling until it became huge and bountiful, if with
fertilizer. What do you think will
happen to your money if being taken cared for?
Interested to know how
much your money can become? Check what you will get using this compounding
interest calculator.
Maybe you want to buy
that watch you’ve been drooling at the mall. But I tell you, you will be able
to afford to buy 10 times more expensive than the cost of that watch, if you
save your money first.
Risky is not risky at all
As a young
professional, you have the luxury of the time. You can try and experiment with
different investments. You can plunge into the riskiest investment and learn from
all the cornerstone. If failure knock you down, you have all the means to
bounce back, even stronger with full of wisdom and experience.
Taking risky
investments later in life might cripple you because the chance of bouncing back
is slimmer than you think. It is
possible though, but it will be more challenging and longer to regain what
you’ve lost.
The true freedom
This is the time when
you have the minimum responsibility in life.
You only think of yourself. You
probably think only where to dine out with friends, or what movie to watch, or
which country to travel. Therefore, this
is the best time to save and invest.
When you start
preparing for a wedding, responsibility for both of you and your future spouse will
never stop. When you receive the blessing of having children, the more money
matters to think about. Then the saving could take a back seat.
If you were able to
enjoy your own money after graduation, it only means your parents didn’t make
you as their insurance. It’s unfair if you make yours one.
Leave a legacy that could feed generations
Psychology plays a big
part in saving. As study shows, hobby can be created in 30 days if an activity
is done continuously.
If you develop the
hobby of saving, you are not only doing it for your family. You can pass this wonderful hobby to your
children, to your children’s children and to your children’s children’s
children. You are literally planting a seed and see it grow and feed
generations after generations. Don’t you
want that?
Look at the bigger
picture here. The later you save, the bigger the risk, the lesser amount and
your future family suffers.
Have you started investing yet? Learn more here.
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