Investing at the Age of 15

Teen Investing: Investing at the age of 15: How to Get Rich at Young Age?

Well, recently a regular teen age reader of this blog asked me that, What is your opinion about Investing at the age of 15?

Well, Investing at the age of 15 means you are in your 10th Standard right? Well, I think this is the right age to start investing. Because if you ask Warren Buffet than he will tell you that, You are too late if you start investing by the age of 15 because he had started investing at the age of 13 and he still thinks that he was late, he could have start investing early and than he was more richer than Today….!!!!

This is because the more you start investing early, the more rich you will become. Because the Compound interest will work more in favour of you to make you rich over the time. If you start investing at the age of 15 years than your other friends will start investing at the age of 30 probably and than they will be too late. Because there is a gap of 15 years of investing between you and your friends and thus they will never take over the level of your wealth.

Remember, according to Albert Einstein, The Compound interest is the greatest force in the world. Once you invest your money, the compound interest will start working in favour of you and once you borrow money, the compound interest will start working against you to make you poor.

So I think there is nothing wrong in investing at this much early age.

Now, the main hurdle in starting investing this much early is – Your Parents.

I have observed that, it is very difficult to convince the parents. Let me give you my Example. Well, I have not started investing at the age of 15 years but When I had started investing at the age of 25 years, my parents were angry with me. They started thinking that their son is becoming a money minded and he won’t concentrate on study. Instead he should concentrate behind his higher educational degrees.

So I can assume that, you will be in the same situation as mine. But after a lots of arguments and explanations, I somehow managed to convince my parents and thus they gave me permission to start investing at the age of 25 years.

But well, I know that I am 5 years late. Because I could have started investing at least 5 years earlier than this.

So Start Investing at the age of 15 years if your parents support you. There is nothing wrong in it…!!!