Investments To Make In Before 30
Once you hit your 20’s, it comes a time for some that you realize this is the time to set yourself up for early retirement. Building your wealth and assets up early leaves room for you to reap the benefits at a young age. Question is, what type of investments should one be making before 30? Start by considering investments fit for the average individual, most won’t have the capital to afford a promising investment opportunity.
Not an actual investment, but you should strive to have all debt paid off by the time you’re 30. Avoid and erase high-interest rate debt by using your extra cash before focusing on other investments.
Buy a house and purchase a rental property. While buying a house won’t work for everyone, it will work for those looking to advance. In housing markets with reasonable prices, it is financially wise to buy a house oppose to renting, therefore, you can start building equity instead of losing your rent money every month. You could also purchase a rental property so instead of paying monthly rent, you’re earning monthly rent in exchange for being a landlord.
Purchase cryptocurrencies and invest in the Foreign Exchange market. While young, buying cryptocurrencies are high-rewarded assets that could appreciate in value at a rapid pace. There should be no denying the potential cryptocurrencies have, considering the surge in 2017 when crypto prices skyrocketed. Foreign Exchange (Forex or FX) is the largest global market for exchanging/trading every currency with one another. Exchanging or trading currencies is a skillset that can generate passive income from your smartphone/smart device for the rest of your life and can be passed down to create generational wealth.
For more information on how to properly get set up investing, inquire with @theinvesther_ on IG.
Feature Image via Mascoma Bank