3 Major Investment Lessons I Learned In My 20’s

On my 20th birthday, I opened my first mutual fund. As a part-time night teller earning $8.25 per hour, I was so proud of myself. Things didn’t go quite as I’d planned them, however. Throughout the next decade, I learned many investment lessons from my own choices and actions – as well as others’.

I wish I could say all of the lessons were positive. But, mistakes are excellent teachers, too. Doggone it.

So, here are some things I learned. You may agree or disagree with this list. It’s likely your own list would look different. That’s alright. Once you’ve read through my list, I’d love to hear your thoughts in the comment section below.

3 Major Investment Lessons I Learned In My 20’s

First of all, should investing even be on your radar when you’re in your 20’s?

ABSOLUTELY. I may not have handled it perfectly, but I plan . . . → Read More: 3 Major Investment Lessons I Learned In My 20’s

How to Retire Wealthy; The Power of Compounding

Albert Einstein was simply fascinated by this topic: Compound Interest. The term is one that we have all heard of and think we understand, but until we see the power of compound interest at work within our own finances, I don’t think we truly understand it’s power! Although I can’t magically give your savings a taste of compound interest at this moment, I can show you the effects within a neat looking chart (I know, not quite as effective). But please, play along as we take a look. It could change your life.

Have a gander at the table to the left. I have set up a scenario where there is a “non-investor” and an “investor at 12%”. The “non-investor” saves $5,000 every year and stuffs the money under his mattress for safe-keeping. The “investor” also saves $5,000 every year, but he finds a way to make 12% interest on . . . → Read More: How to Retire Wealthy; The Power of Compounding