Christopher Linkas and the Importance of Investing Younger Than 19

Becoming independent financially is a difficult road for those whose student loan debt, credit card debt, budgets and retirement savings seem to be a jumbled up mess of numbers. This outlook on personal finance is thanks in part to many schools not teaching about the subject, and then adults thrust into the world learning the ropes as they navigate their lives.

The biggest numbers generally appear after finishing college. Many graduate students, more than half, have to fund schooling with student loans and almost ninety percent of law students do. These graduates on average have $31,000 to $87,000 worth of student loan debt and many have an average of $10,000 on top of that from undergraduate studies.

With the mountain of debt that the average student is graduating with, they are more likely to not invest or invest very conservatively. Investors like Christopher Linkas, who heads a UK-based investment group, try to dispel these fears and instead empower young investors.

Christopher Linkas has over 15 years in the investment world, working for major companies like Goldman Sachs. He implores young people to invest as early as possible, as interest is on their side. Interest on a $10,000 investment made at age 30 versus age 20 could vary by thousands of dollars. Not only does time help a young investor, but so does learning. An investor who starts out at a younger age has more time to make mistakes and come back from them rather than someone who is closer to retirement. Learning valuable investment lessons at a young age can help investors make smarter decisions and help them make more money and more intelligently than their counterparts who start investing at a younger age.

Saving and investing is essential for retirement. Younger generations may be fearful of seemingly giving away their money when they are starting out their adult lives with student loan debt, but they have time and experience on their sides. Investing young could lead to a much safer and more relaxed retirement.