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The difference between investing today and investing tomorrow can be a lot of money. Even if you just invest $1,000 now and waited 20 years or invested $1,000 in 10 years and waited another 10, there would be quite a bit of difference.

In order to make money you need to have time. Whether it's time at work getting paid by salary, time spent on a business, or time put aside for investing, if you want to make money, you need time. When was the last time you made an amount of money in 1 second? You need a lot more time than that to make any money.

Investments are the same way. You can't buy a stock and expect it to go up 50% in the next 10 minutes. It takes time for the return to accumulate. While you don't have to directly work hours and be paid, you do have to put some thought into investments and wait.

If you are young, such as in your 20s, you have a huge advantage. If you start investing, even putting the same amount aside overall, now and your friends start investing in their 40s, you'll have a lot more money.

If you start investing $1,000 a year from the time you are 25 until 65, you will have invested a total of $40,000. With an annual 9% return, guess how much money you'll end up with? You'll have about $365,000. That is a huge difference from $40,000 to $365,000. Just think about how much you could have if you invested even more each year.

Now let's say you decide you can't invest that much right now because you are just having too much fun spending money. Instead, you wait until you are 35 to start. You will invest the same amount of money overall, $20,000, but because you waited 10 years, you invest more per year equal to about $667 a year. You can't possibly earn that much more with an extra 10 years, right?

When you combine time and compounding, you make a powerful combination. It's incredible how much more money you can make when you start early. Compounding will earn you more money because the money you earn each year will continue to earn money. If you want to retire comfortably, or even early, you must harness the power of time and compounding.

This doesn't mean you have to invest this specific a year. You could invest more or less. The point is, you need to make plans and goals NOW. Don't wait until it's too late. You don't have to be cheap and live like a mortar in order to invest enough, just budget your money and start investing now. By the time you retire or need to buy a house, you will be so happy you did.

business plan

business plan

business plan

You really shouldstart investing now if you want to retire comfortably, early, or even at all. Take the time now to educate yourself about all Types of Investments and begin investing right away!

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