The habits you build with money before 30 can shape your financial life for decades. Thanks to compounding, starting early is one of the most powerful advantages an investor can have.
Time in the market
Early investors can potentially build several times more for retirement than those who start later, simply because their money has more time to grow. Even modest, consistent contributions add up dramatically over the years.
Mind the debt
Just as important is avoiding high-interest debt from credit cards or personal loans. Paying down balances systematically — using the avalanche (highest-rate first) or snowball (smallest-balance first) method — frees up money to invest and protects your progress.
Sources: GripInvest, MITSDE.