Time, Your Greatest Ally
I have met a lot of individual who are very interested in investing. However, they procastinate and find it hard to start.
One of the most common reason why people are not investing is “I don’t have enough money”.
This problem may have been true but only in the previous decades. Today, it’s very easy to invest specially here in the Philippines. For as low as 5000 pesos, and 1000 pesos thereafter, you could actually start investing for your future.
START INVESTING NOW!
You might have already heard the line “The best time to invest is today“. And definitely, there’s no better time to invest than today. There are three main factors needed in investing: Money, Knowledge and Time.
Among the three, I think the most important factor is TIME.
You can never turn back time unlike money which you could earn again, and knowledge that is readily available in the web.
To show you how valuable time is in investing, take a look at the figures below. This is a simulation that I think clearly demonstrates that using the power of time, investment even if for a small amount could help generate wealth.
You will observe that Investor A started investing when he was 21 years old and continued for 10 years.
However, after the 10th year, he was not able to invest again and has forgotten his investment. Investor B on the other hand did not invest until he is 31 years old.
However, unlike Investor A, he continued investing until his retirement age of 65.
In comparison, Investor A alloted a total of 20000 pesos for his investment while Investor B alloted 70000 pesos for his investment.
However when they checked their accounts,
Investor A actually had 985,337.03 pesos
Investor B only had 596,253.61 pesos!!.
Simply because Investor A started 10 years earlier,
he was able to accumulate almost double of Investor B’s wealth.
**Investor B could actually accumulate as much as Investor A but would need to invest around 3300 pesos yearly which is 65% more.
So, why wait if you have the opportunity to invest now and accumulate your wealth? Start now!
“Time is Gold”