The Importance of Investing in Your 20s and How to Get Started

Join our #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat ever Wednesday at 3 p.m ET. This week we discussed the importance of investing in your 20s and ways to get started.

The panel included: Kevin L. Matthews II: Financial Advisor & Author of Starting Point How to Create Wealth That Lasts; Dr. Sean Stein Smith: CPA, CGMA, Assistant Professor at Lehman College (CUNY), columnist, and member of the AICPA Financial Literacy Commission;  Shannon McNay: Writer for Student Loan Hero; Rod Griffin: Director of Public Education at Experian; and Christina Roman: Social Media Specialist at Experian.

We also featured financial tips all week on Snapchat.

Questions We Discussed:

• Q1: How is investing in your 20s different than investing in your 30s or 40s?
• Q2: What should 20-year-olds know about risk?
• Q3: How can 20-year-olds fit investing into their broader financial plan? Savings? Debt?
• Q4: Do you have to have a lot of money to get started with investing?
• Q5: What are simple ways to get started in investing young?
• Q6: What should new investors know about fees?
• Q7: How often should you review your investing strategy? How will it change as you get older?
• Q8: How does investing affect your taxes?
• Q9: What resources do you recommend to help 20-somethings learn how to invest?
• Q10: Any final tips for investing in your 20s?

Resources:

The Only 8 Rules of Investing You Need to Know via Wisebread

Audio: Investing Smart with Brad Lawler via Ask Experian

Audio: Investing with Barbara Friedberg via Ask Experian

If you’ve never heard about #CreditChat, here is a brief overview:

Relevant chats on YouTube:

• Ways to Control Emotional Spending
• How to Juggle Debt & Retirement
• How to Pay Down Credit Card Debt Faster
• How to Eat Healthy (Without Breaking the Bank)
• How to Throw a Fun Dinner Party on a Budget