Investing early has many benefits, for example:
First, you have more time for your investment to grow.
Second, you can take on more investment risk when you are younger and have a longer time horizon to recover from any potential losses.
Third, when the interest you earn on savings is reinvested it begins to earn its own interest enabling you to take advantage of ‘compounding’ to build your wealth over time. Compounding is often called the 8th wonder of the world because even small amounts of money can grow to become a significant sum over time.
The power of compounding is so great that delaying investing even by just a few years, or choosing not to reinvest, can potentially have a massive impact on your future results.
Finally, starting early gives you a chance to learn about investing and develop a good investment strategy before you have a lot of money at stake.
If you can start investing early in life, you are likely to be better off than if you wait until later to start.