Investing can be a great way to set yourself up with a retirement fund, down payment fund, or college tuition savings. The longer the time your money has to grow, the less you have to invest.
It’s best to start investing as soon as possible – even today if you can. Start by making sure your high-interest debt is under control and you have an adequate emergency fund (cash you can access quickly if you lose your job or face an unexpected event).
Historically, investments easily outpace inflation — even with the normal ups and downs of the market. You just have to know how to spread out your risk and choose the right methods to help your money grow.