Skip to Main Content

Start Of Main Content

Know when to start investing

Give your money a chance to grow and start investing as soon as you can.

Chapter 2: Why start early?


Video Transcript

If there's one thing financial experts agree on, it's this: It's never too late to start investing.

This chapter and conversation gives you the extra push you may need to put your money to work for you. Download the Just the Facts: Investing worksheet to help you understand the benefits of investing early.

First things first

Get your financial house in order, first and foremost. Make sure your goals and aspirations are identified, plans are written down, and your budget is rolling before you jump into investing.

With other budgeting in place, investing could add to your plan without disrupting what you already have working for you.

Maximize your returns

When you start investing early, you give your money the chance to grow with the help of compounding interest. Also, creating a longer time horizon for your investments makes it easier for you to weather the ups and downs of the market.

Get comfortable before you go for it all

Test the investing waters before you jump in. Start with a small amount of money and observe what happens. After you get a sense of the market, add more and more based on what you're comfortable with.

Your chapter 2 checklist

Securities distributed by State Farm VP Management Corp.

Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.

Neither State Farm® nor its agents provide tax or legal advice.



Also Important

Reaching Your Financial Goals

Reaching Your Financial Goals

Those goals don't have to be lofty or complicated. Keep them simple and attainable is the message here.

Digital Tools to Streamline Your Insurance and Finances

Digital Tools to Streamline Your Insurance and Finances

Managing your money and insurance just got easier.

Related Articles

Money Management for Couples

Money Management for Couples

Couples who manage money together make financial decisions that are better for their financial future. Connect with your significant other and get started on some practical money management methods today.

Real People, Real Dollars

Real People, Real Dollars

Questions, issues and stumbles related to money and budgets are often measured by one challenge at a time: saving for a house, paying off a credit card, even establishing an emergency fund.

What You Need to Know for Smart Tax Filing

What You Need to Know for Smart Tax Filing

Reminders and tips when preparing for tax season.