Young investors and Trading

When we are young, we have to start planning for our future and start saving money for a rainy day. And many young people don’t think of it. Because the trouble is that only few actually plan. Even those that save a decent percentage of their take-home pay rarely plan for the future. But the good news is that we can achieve our financial goals if we start early enough.
Here are some few tips which can help every one of us. There are

saving
how much should we save? There is no perfect answer to this question. However, we should save as much as we can without adversely impacting the quality of our life. In other words, it is OK to indulge in a night out once in a while - as long as it doesn't become such a regular occurrence that you aren't left with money to save.

Ideally everyone should strive to save at least 10% of their salaries each year. That may not always be possible - after all, nearly everyone has months where they can't save a dime, because we have to shell out for some new things like new bikes, new mobiles etc etc. When we do have one of those months with high expenditure, however, we should really try to tighten our belt the following month.

Also, consider your spending habits.

We should not become spendthrifts and buy whatever we want and later on brood over split milk. We should buy things which we need the most. For this, we should prioritize our needs. The highest important thing should be bought first, thus maintaining the money in our pockets.

Debt: It is highly recommended for young investors not to fall in the deep hollow of debts. Never buy any such thing where you need to go for debts. Manage with our own money; else wait for the money to get stored. But never ever go for debts. In other words, wait until you have the money in your pocket before you spend it.

After keeping all the above in mind, now lets us plan to make more money.

When we have spare money and at times we think of buying something and that may not yield us anything good in our long run. So, instead of buying something which is useless, why not trade and buy stocks which will yield us something more or less, because something is better than nothing. Trading is always a better option to make some good money. And Investing in a stock market proves lucrative almost 90%. So, let’s invest our hard-earned money in something which will help us when we are in dire need.