What’s the Best Age to Invest Your Hard-Earned Money?Bauer | January 31, 2019 | 0 | Financial Services
They say that working a 9-to-5 job won’t get you anywhere. It won’t make you rich. It won’t be the best way to live the life you’ve always wanted. But investing can and will. This is especially true if you’ll entrust your investment to a reputable company like Truebell Capital.
According to financial experts, investing is the only way to use your money to make more, well, money!
Technically speaking, anything that gives you a return is an investment in its own right. So if you have a savings account that generates a 1% interest or even less, you have some form of investment lying in the bank.
But if you want an investment that gives you higher ROI (return on investment), particularly one that’s managed by a company like Truebell Capital, then you have to venture beyond your savings account. By doing so, you are creating long-term financial security for yourself and for your loved ones.
When should you start investing?
If you’re thinking of investing, be it in stocks, mutual funds, or real estate, ideally, you should start investing as soon as you can. Remember, the earlier you start investing with an investment trust company like Truebell Capital, the longer your money will work for you.
However, this doesn’t mean that you blindly jump in on the bandwagon.
Of course, there are things that you need to take into account—steps that you need to take first.
Here are some signs that it’s a good time to invest your hard earned money:
1. You have enough money in the bank.
A financially wise individual will have emergency savings. After all, having money in the bank for unexpected events is something that every person should never go without.
Ideally, you should have three to six months’ worth of your living expenses in your bank.
This will be your cash cushion, which you will need to land on should a financial emergency occur. Visit Truebell Capital for more details.
Why is this an important factor when investing?
Investments do not always give you high ROI (return on investment) right away. You will have to wait for some time to be able to do so.
This means that having enough savings in your account can protect you from any financial emergency.
2. You have insurance coverage.
Before you start investing with a trust company like Truebell Capital, you need to have insurance coverage.
Being uninsured puts all your assets at high risk. An accident or untoward incident could wipe out everything that you’ve worked so hard for.
So, be sure you have insurance policies for your car, home, health, disability, and your family.
It’s not enough that you have emergency funds kept in the bank. A death of a loved one, a tragedy that causes you to lose your home, or a vehicular accident can put a huge dent in your finances if you don’t protect yourself from it.
3. You don’t have large debts.
Unpaid taxes, child support, credit card payments, or other dangerous debts will wreak havoc on your finances if you don’t take care of them immediately.
To be able to make the right decisions about dealing with your debts, you need to seek legal advice right away.
Any investments with an investment management firm like Truebell Capital could be put at risk if you don’t take care of your debts first. Delinquent debts can blow up and cause you to lose everything, including your investments.
4. You have secured your retirement.
Whatever happens to your investment, you will still have a secure fallback if you have a retirement plan, whether with your employer or a private company.
Having a retirement plan is another way of investing your hard-earned money. What’s great about having one with your employer is that your savings get automatically deducted from your salary.
Now that you know that you have to start investing as early as now, all you need to do is to talk to a trustworthy company.
Get a hold of Truebell Capital by visiting their site https://truebellcapital.com/.