BusinessWise: Tips for Young Investors – The Cincinnati Enquirer | Vette Leader

Question: I’m a young professional and I’m often told to start investing now, but I don’t have much extra money and I don’t know where to start. Can you give some tips?

A: Investing at a younger age is a smart strategy that will help you achieve your long-term financial goals. However, setting aside funds for investments may not always seem like an option. The good news is that even if you’re on a tight budget, there are ways to set yourself up for financial success.

Below we share strategies young adults can follow to make smart financial decisions for the future:

  • Start by becoming familiar with basic financial and economic terms and concepts. Knowing how to manage money, apply for credit, and stay out of debt can prove difficult without a financial literacy course not typically offered in high school or college. Some progress has been made in this regard, but many states in the US still do not require a personal finance course for the degree. For those who haven’t had the opportunity to learn, there are several inexpensive or free online resources, courses, and books that are a good place to start to learn these concepts and strategies.

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