Why You MUST Invest As Early As Possible And Stop Procrastinating

This article originated from my blog: Investing Beanstock

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Question: Do you sometimes procrastinate and know what you’re supposed to do but just can’t get yourself to do what’s necessary? Or you are simply not motivated and driven enough to do something?

How do we cultivate and add a sense of urgency to our lives? (and our finances?)

I know, we are in our 20s, our prime years of enjoying life, we are carefree individuals with not much liabilities and we have a roof on our heads.

We go drinking with our friends, playing computer games and going out shopping and eating good food. We got all the time in the world and have nothing to worry about.

But as we get older we realise that we have a finite amount of time left on this Earth. Before you get to this realisation and start regretting why you didn’t do things earlier, start now.

How to start?

Starting is always the hardest. But to add that urgency in our lives, imagine this.

Every jelly bean represents 1 year of our lives. The average life span of a human being is 80 years. So all of us have 80 jelly beans to work with.

On average, we spend 26 years worth of time just sleeping!

If we take away the time we used just to sleep, we only have 54 jelly beans left. What is even more shocking, is that humans on average, spend another 7 years worth of time trying to fall asleep!

So essentially, we have 47 jellybeans left.

WE SPEND 11 YEARS OF OUR LIVES WATCHING TV, BROWSING THE INTERNET AND SOCIAL MEDIA.

Our phones are with us the whole time, right now you are probably reading this from your mobile phone or tablet. Due to the high level of digital penetration, we spend so much time on the internet that we don’t even realise. And now, we have 36 jelly beans left.

Another 5 years of time are spent eating and drinking. Taking the entire time you spent studying in school as well, we have essentially 25 jelly beans left..

We take another 1 year worth of time dating, and another 1 year worth of time working out. Not forgetting the time we take to commute to go to school and work, that is another 1 year worth of time! So in essence, we are left with 22 jelly beans.

We are almost done but not yet!

Let’s say you want to attain mastery of a craft, and learn up a soft/hard skill for you to climb the corporate ladder, do you know that on average, it takes 7-10 years to become a master in your chosen field?

12 Jelly Beans Left

We have 12 jellybeans (years) to create the life _that we want, to build relationships and build the exceptional lifestyle that we want.

Does that look like many years to you?

The above is assuming you don’t make lots of mistakes! If you decide not to act on it and waste your time even further, then you will have less than 12 jellybeans to work with to reach your goal. Without proper guidance/mentors and getting into debt, (e.g student loans/mortgage loans/car downpayment) you take even longer to bounce back and Voila! You have no jelly beans left.

What are you going to STOP doing to waste time?

Now that I have put things into perspective, what is it truly stopping you from starting?

Common Excuses are:

1. No money

2. No time

3. Lazy

4. Not interested

5. Too tedious

6. It’s a scam

7. I’ll start when I get more money

8. I don’t take risks

The reason why these excuses are said, is due to the lack of understanding of the big picture.

Source: BedelFinancial

The earlier you start, the earlier you get to reap the benefits of compound interest with a significantly bigger nest egg. The illustration above is self explanatory.

But in essence, every 10 years delay you take to start, you are losing a whopping $90,000 to $400,000, depending on when you start. If you still choose to procrastinate, I really can’t help you anymore. Conclusion: START NOW!

You can get started with even $100

By putting aside a small amount to invest consistently such as through a Robo Advisor, you can get diversified and stay invested. And hopefully retire early and enjoy longer retirement life instead of working your butt off when you’re in your 50s and 60s.

If you wish to find out more about starting out as early as possible, I wrote an article about Syfe’s Equity100 portfolio here and passive investing strategy that beginners can adopt here.

For beginners with $10,000 saved or more and not knowing how and where to start, you can check out my article here.

TL;DR Syfe Promo Code

For people who are interested to invest into Syfe and wants to open an account, you can use the promo code below as a bonus 🙂

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Thank you for reading. I hope I have put things into perspective and why you should invest as early as possible.

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