Most older people around me say the same thing; they all wished they had started investing earlier. Time is your best friend when it comes to investing.
But there is also another reason why you should start investing early. You’re going to make a lot of mistakes. Investing is extremely complex. You could study the subject of money and investing for a whole lifetime and there would still be things you’d need to learn.
So the best strategy is to start early. You’re going to fail at times so you might as well fail quickly so it doesn’t hurt you too much and so you can learn from those mistakes.
As you learn from your mistakes, you’re going to build mechanisms that will prevent you from making those mistakes again. You will grow as an investor with your increased knowledge.
My favorite investment is real estate. When I started, I realized quickly that I would have to find a mechanism to prevent me from making emotional decisions when it came to choosing the properties. It is easy to fall in love with a property for the wrong reasons. As an investor, you always have to look at the potential ROI (return on investment) of a property.
To help me make the right decisions, I created my Mega Calculator. It is a tool that helps me keep my emotions out of the equation when it comes to choosing a property. I created it so that all I had to do was punch in the numbers and the calculator would tell me whether or not the investment made sense.
This calculator made me a lot of money. I chose properties that would help me scale my portfolio very quickly and that’s how I went from 0 to over 1 million dollars of real estate in less than a year at 23 years old.
To become rich, you need knowledge, patience and discipline. I suggest you start as early as possible and fail quickly if you have to fail. Even if you only have 100$ to invest, you should start. Build yourself a strategy that you can stick with and be disciplined.
If real estate is your thing too, I made my Mega Calculator available for everyone. You can get it by clicking here. You can use it as your guide as well and if you’re disciplined enough, it will help you achieve your financial goals.