Despite saving and retiring plans becoming very important, most people tend to ignore it until they are late. It is the biggest mistake that people make when it is time for saving to your golden years time. According to Chris, young people should be serious about retirement plans. It is a natural thing for the youth not to show concern regarding their eventual retirement. Even after they face many years in the workforce, they still think the time is still on their side. It has become something that young people don’t like to hear about, but the key to having a financial stability life is through early investment as soon as possible. Chris says that when one is disciplined during youth period about retirement planning, it helps to reduce the risk of impulsivity and damaging the potential decisions later. He is a 1991 graduate with a degree from Bowdoin college and works for United Kingdom investment group that is based in London which has the responsibilities of opportunistic principle investments. He explains the top reasons why one should start saving and investing very early. Using compound interest to grow your nest -The power that compound interest has, it can’t be stressed with satisfaction. This is what most people fail to realize but pays over a long period of time. When you start putting money at the early 20s you will end better of than starting at 30s.Having better life-when you do strong investment when young, will end up having a quality life throughout your life. The nest eggs still grow which will provide a cushion that will make your life flexible. Be flexible taking risks-When you wait until you are old, then you are down to the wire. They cant make risks plan because they might fall apart their retirement plans. When you start young, then you have time to risk. Start better spending habit when young-When you start spending poorly at the young stage, you will end up having financial trouble. Those people who are disciplined and diligent in investment so that they can retire when young are very careful. Always be ahead of your age mates-When inevitable about investing and still young, you will have a better position when dealing with inevitable financial hardships which might come later.
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