Its never too late to invest. The reason for writing this post, is many of us are still ignorant about investing and saving for the rainy day. Ignorance does not help you create wealth. Many of us are still with the habit of earning and spending and saving does not seem to have a place in our vocabulary. Especially many women will fall in this group. In the current world, everybody should learn and understand their own finances and take baby steps towards attaining financial freedom. Understanding our finances not only helps us save money but also protects us from falling prey to ponzi schemes and agents mis-selling financial products that don't suit us. So its double benefit to us. Start learning the basics, believe me its not tough, it may take sometime but its worth a lot more in terms of this understanding, leading you to financial freedom and creating wealth for you in the long term.As you start learning you will know about the Power Of Compounding. This is a simple concept which forms the core of investing to create wealth in the long term. Investopedia gives a nice and interesting explanation. The math and calculation for compounding is explained in simple terms through video tutorials on KhanAcademy.
Take charge of your finances. Start investing now!. Its a win-win situation.The earlier you start the more rewarding it will be for you. Happy Investing...!!
