Advice for Young People Who Just Finished School - 1502 Words

Outcome Many young people who just finish school would like to move out to live their life, buy a car or travel the world. Everyone would love to do all the things they have ever visualised straight after they finish school and in order to achieve this cash plays a big role. The wise decision is to invest money so it can grow in value which will help achieve financial goals. This report will take a look at understanding different investment opportunities that can be made to ensure that young people have future financial independence. As soon as young adults finish school, they want to move out of the family home and learn to live their own life. The first thing that comes to the mind is the amount of money needed to rent accommodation and provide for food and clothing. It is important for young people to start investing their saved money early for it to grow while they prepare to step out into the community without support from parents. Many young people have a job whilst studying giving them a head start in investing money for the future. It is important that young people understand that not all money earned should be spent. The earlier investment starts the more money can be saved. Young people who start investing early, have the best friend of investing on their side: Time. Time is their strongest weapon in investments. According to calculations done, $5000 invested today in a bank with an interest rate of 4% will grow to $24,000 within 40 years. If they decided toShow MoreRelatedMy Plan For A Capstone Project1139 Words   |  5 Pagesevent that I work for an international organization in the third world; I would implement the concept of Leadership in Clinical Microsystem to circumscribe some epidemic diseases like Ebola outbreak; Cholera and the HIV control. I have successfully finished my Mathematics and Statistics courses. I have already utilized many of those concepts in my life including my workplace. 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