Is 30 considered too late to start saving and investing?
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Is 30 considered too late to start saving and investing?
It doesn’t exactly mean you have done nothing, you look at what has happened and how far you have brought yourself financially and with how much. Most people can make money stretch to no end to make things meet. See if your work has a 401k and have a small percent taken out, save change on the side, round your numbers up and put that amount each month in a savings, start small and end up big. Adjust your finances, do some small cut backs, shop differently, and you will be fine.
You’re never late though. Investing time on improving your skills is also considered a good investment. Most of the people do significant investments between 30 to 45 years of age. Some lucky guys start early though. From a financial investment perspective, start small. Invest small amounts, it will give you motivation to invest more. Choose whatever works for you -Real estate, Gold, Mutual funds etc focus on what works out for you.