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Best Way to Invest In Your 20s | Learn the MAGIC OF COMPOUNDING
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A lot of people ask me how to invest in your 20s to get rich in 30s? In this video, I demonstrate how a person who starts investing in the stock market just a few years earlier can get many times more money during retirement and achieve financial freedom faster. All this happens due to the power of compounding in investing.
In this video, I talk about 3 friends where Rocky invests in his 20s. This amount seems like a big one to him at that stage, however, during his retirement, the portfolio grows so big that one-day fluctuation in the stock market is worth more than his entire invested amount.
Rocky was able to invest a huge portion of his salary early in his career because he invested in his mindset first (pay yourself first concept).
This is because he read the book: The Richest Man in Babylon and understood the concepts. So before you pay yourself by investing in your future, you must pay some attention to the amount of knowledge and wisdom you have about managing money and financial freedom. Because just like money has value, even time has got value which in finance, we call it, time value of money.
So first, Rocky starts investing with the help of SIP (systematic investment plan) in equity mutual funds (index funds) and then slowly transfers that money to direct stocks with his own knowledge by the time he reaches his 30s. No school teacher will ever teach this.
Hence,
Invest in your mindset, it pays the best interest and you can afford it in your 20s.
Timestamp:
00:00 Intro
00:21 QUESTION: Who will be richer?
00:31 Rocky Invests in his 20s
02:24 Monty Invests in his 30s
02:57 Sunny Invests in his 40s
04:00 Let's see who is more wealthy
05:40 Why Start Early?
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Thanks for giving your valuable time and...
Goodbye :)