The earlier you start saving for retirement, the better. There is no debating that fact and far to many people today never get around to it at all. This leaves them having to work well into their 70’s and really struggling to get by late in life. It’s even worth considering choosing your employer based on the pension provision. for example in the United Kingdom, Government employees rarely receive the highest salaries but most have pensions far and above most private ones. For those people, pensions are often just linked to their final salary so they don’t have the worries about performance of their investment like most pension funds.
I started buying stock when I was in college and it is something I have never regretted. Today that might be difficult for most students as tuition’s have skyrocketed and it is hard trying to stay out of debt. But working and putting away even a little bit of money on a regular basis is what every student should be trying to do.
The Internet has empowered people to be able to have access to all sorts of information and use it to better their lives. For someone young trying to learn how to buy stock in a particular company, they find that it is easier than many of the computer games they play. Buying stocks and building a portfolio can all be done right from your home laptop and even an iPad if that is all you have. Once you open a broker account, buying and selling stocks takes place any time of day over the Internet. It is easy, quick, and virtually anyone can do it. Most importantly though, everyone should learn how to invest in the stock market because that is the best way to build a retirement nest egg.
The key fact is that it’s much, much easier to save for retirement when you’re young than if you leave it until you’re older. Unfortunately it’s difficult to appreciate this when you’re young and have more fun things to spend you cash on. Recently on UK television and the BBC, there have been many adverts encouraging people to start saving for their later years including using a new state backed pension system for people who have no other fund.
Kids today learn to use the computer just about as quickly as they learn to talk. Investing now days is done online and it should be taught to all kids, the earlier the better. They need to learn that we all have to provide for our own retirement and not rely on the government. With the easy accessibility of the financial markets online, every one is on equal footing and anyone can learn how to participate in stocks which are the best way right now to grow your money. There’s no reason why you should be limited to just US sources of information as well. Although many media and TV sites are restricted based on location you can use a proxy like this to watch UK TV online in Europe or the US easily. When you’re connected to a proxy in a specific country, you can access the same resources as someone actually located there. This sounds fairly minor but it’s not! Changing your location like this can give you access to all sorts of information and offers not available (even remotely) to people based outside that particular country.