7 Best Ways To Invest Money for Young People

Young people are at the epitome of their lives. They think they are immortal. Whenever they get money, they splash it all on indulgences and the latest gadgets. Very few young people think about investing or putting money away for retirement.

However, the best time to build a considerable nest egg is when one is young. And investment is not always about money. The young people have the advantage of time. If they can utilize their time well, they can make moves that will secure their financial future and help them retire young. Here are some of the best ways to invest for young people.

Investing in Yourself

Judgy and skeptical asian senior woman grimacing displeased, pointing finger upper left corner unamused, standing over white background.
Image Credit: Mix and Match Studio/Shutterstock.

Invest in stuff that will improve your earning capacity in the future. For instance, you can return to college, earn a skill, get a promotion, and earn more money. You could start a company. If the company fails, you have time to learn from the mistakes you made, regroup, and start over again. Live closer to our office to save time and buy reliable gadgets to give you peace of mind. Do not forget to invest in insurance as well.

Invest in Land and Real Estate

San Francisco travel tourists couple looking at houses landscape banner.
Image Credit: Maridav/Shutterstock.

Land is an appreciating asset.  It is one of the safest, low-risk investments you can engage in. Do your research and due diligence before you invest in land and real estate. Find a mentor if possible.

Invest in Stocks, Shares, and Equities

Senior grey-haired man wearing suit holding dollars and using smartphone
Image Credit: Krakenimages.com via DepositPhotos.com.

Before you invest in any of these, ensure you conduct a lot of research. It is better to work with a financial partner here. Shares can easily raise your net worth over time if you invest in the right counters. They could easily wipe out your investments if you make mistakes. Look for companies with a healthy portfolio and a history of paying dividends to their investors.

Lockdown as Much as You Can in Savings

Image Credit: garagestock/Shutterstock.

A dime saved is a dime earned. Avoid the urge to splurge. Put away as much money as possible. Take advantage of your employer’s matching to start saving for retirement. Savings will give you peace of mind that you can care for anything in an emergency. Invest in both short-term and long-term options.

Educate Yourself on Investment Matters

Husband and wife discussing investment plans with financial advisor
Image Credit: Kaspars Grinvalds/Shutterstock.

Learning about investment while young can be an eye-opening endeavor. Find a mentor. Pay them if need be and get solid advice on what to do with the money you have at your disposal. They will give you good tips and help you avoid traps that might drain your savings.

No Investment Is Better Than the Other

Beautiful young woman in glasses with dollars in hands.
Image Credit: Zoom01 via DepositPhotos.com.

You cannot exhaust investment options in the world. Find what works for you, and learn as much as possible about that option by talking to people who know more than you before committing any money. Remember that any investment can crumble, so do your due diligence and go with the safest bet. Sometimes, it is better to stick to less-risky investments that promise a return over time than rushing into trendy and fashionable investments that can sweep your investment away in the blink of an eye.

Invest in Your Health

Doctor with female patient
Image Credit: monkeybusiness via DepositPhotos.com.

Your health is important. If you are not healthy, you cannot be productive. Take health insurance. Health complications can be expensive, and health insurance can come in handy.

12 Frugal Hacks That Make All The Difference

Portrait Of A Mature Woman Smiling.
Image Credit: Nadino/Shutterstock.

A Reddit user who started the frugal journey with his wife a couple of years ago wanted to know the frugal hacks people had that made all the difference.

According to the OP, shopping grocery sales every week and planning their meals helped cut their bill from $250 to $100 per week. Other users shared their stories about frugal hacks they had that made some difference in their lives. Here are some of the best ones.

12 Frugal Hacks That Make All The Difference 

12 Items Frugal People Proudly Exclude From Their Shopping List

Old Man in a hat as a cowboy.
Image Credit: Thomas Mucha/Shutterstock.

Frugal people are known to spend their money wisely. They live within their means and don’t spend a lot of money. According to a thread on Quora, here are some common things frugal people never buy.

12 Items Frugal People Proudly Exclude from Their Shopping List

23 Side Hustles You Never Considered That Make More Than Your 9 to 5

woman warrior. woman holding sword
Image Credit: Avrora-Andrey via DepositPhotos.com.

Have you ever wanted to make a lot of money from a side hustle and quit your 9 to 5? You may know about the typical side hustles, but I bet you never even heard of these lucrative side hustles!

23 Side Hustles You Never Considered That Make More Than Your 9 to 5

9 So-Called “Frugal” Habits That Are Actually a Waste of Time and Money

woman laying under knitted blanket
Image Credit: serezniy via DepositPhotos.com.

Not everything is frugal! I am sure you have read articles and tips that promote frugal living and give some ideas that are just not frugal! These frugal myths float around and sometimes even cost people a lot of money!

9 So-Called “Frugal” Habits That Are Actually a Waste of Time and Money

10 Stupid Scams People Won’t Stop Falling For

Doctor in corruption concept with being offered bribe.
Image Credit: Elnur/Shutterstock.

It seems like every day there is a new scam popping up, promising to make you rich or solve all of your problems. Yet, despite the prevalence of scams and the numerous warnings about them, people still fall for them.

10 Stupid Scams People Won’t Stop Falling For


This article was produced and syndicated by A Dime Saved.