Having control over your financial future is a fantastic goal. That’s why we’d like to share with you three of the best reasons why you should invest. Let’s share three of the top reasons why we believe everyone should invest. 

1. Stocks have an advantage over banks 

First, let’s look at why you should buy stocks in the first place. Have you always wanted to own a part of a great company? That’s exactly what happens when you buy stock. You buy a part of the company. As a part owner, you’re entitled to a share of the profits and assets of that company. 

You can benefit from stock ownership in two ways. 

• The company may decide to distribute money to its shareholders in the form of dividends. This is cash that is paid to you, the shareholder, on a regular basis. 
• The company grows and the price per share increases. If you decide to sell your shares, you’ll receive the return. 

While money sitting in a savings account is eaten up by inflation, invested money works for you around the clock. Unlike a bank account, your initial investment can multiply many times over if you invest in the right companies. 

2. You can achieve ambitious financial goals 

An average gain of 10% may not sound like much, but over time, that interest adds up to incredible returns. 

Imagine if someone told you that you could turn $2,000 into $100,000 without any work? It sounds too good to be true, but it’s entirely possible if you understand compound interest. 

The key element to remember is time. The longer you have invested your money, the greater the compound interest. That is, the younger you start and the more patient you’re, the greater returns you’ll reap in the future. 

The biggest advantage you can give yourself is to start early and let compound interest work its magic. 

3. Compound interest does much of the work for you 

Speaking of magic, compound interest is an investor’s best friend. Compound interest simply means that the money you earn will earn you money. This means that your savings will grow faster than if you were to invest a lump sum each month. 

Many people say, “I can’t afford to invest” The truth is you can’t afford not to start investing because this is about time, not money. The sooner you begin investing, the more effective compound interest is when it comes to growing your wealth.