How to invest in your 20s: 7 tips to get started
Investing as a young adult is one of the most important things you can do to prepare for your future. You might think that you need a lot of money to start investing, but it’s easier than ever to get going with small amounts. Once you set up your investment accounts, you’ll be well on your way to saving for goals like retirement, purchasing a home or even future travel plans.
But before you dive headfirst into the market, it’s important to prioritize paying off any high-interest debt that might be straining your finances and then build up an emergency fund with savings that could meet at least three to six months of expenses.
Once that is handled you can get a jump on investing, even if you’re starting small. Developing a consistent approach to saving and investing will help you stick to your plan over time.
How to start investing in your 20s
Money invested in your 20s could compound for decades, making it a great time to invest for long-term goals. Here are some tips for how to get started.