Gen Z and millennials get made fun of for spending too much on avocado toast or spending ridiculous sums to get DoorDash. But they don’t get nearly enough credit for starting to invest decades before previous generations.

Why is starting early important?? Because that’s the best way to harness the power of compound growth. Investing $500/month from 19 to 50, turns into over a million dollars, after adjusting for inflation.

Thankfully starting to invest today is a million times easier than it used to be. It wasn’t that long ago where you would have to open an account through a broker and pay them big fees just to buy a share of stock. But now you can open an account in just a few minutes and start buying low cost ETFs for free!

Gen Z and Millennials face a ton of headwinds. Super expensive housing, ridiculously priced college, unaffordable childcare, and so on. Unfortunately, those are mostly out of your control. The thing you should focus on is your income and savings rate. The more you are able to save and invest each month, the more you will be in control of your financial future.

If you are seeing this and haven’t started investing, no matter what age you are, that’s OK. The best thing you can do is start NOW. Take the steps to get educated. Start with a little money and invest money every month. Your future self will be very thankful.

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.‎

-Vivi & Shane