Finance Blog


4 Benefits of Investing While You’re Still in College

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It’s no secret that college students aren’t exactly flush with cash. Those school years can be pretty slim for many students. Therefore, the majority are focused on just making ends meet much less putting any money aside toward investment opportunities. Investing requires risk of capital and college kids are too busy dealing with classes, homework, and a social life. Sensible money management is the furthest thing from their minds. However, one of the smartest money moves for college students is by putting some of their income into investments so their money can begin to work for them. It might be tough to do but there are distinct benefits to finding a few bucks to put aside.

1. Taking Bigger Risks

If you are able to invest while you’re attending Kent State University, the good news is that your money can bring you a big reward. Since you’re in school and you have fewer responsibilities than you would when you have a family you can take bigger swings on selecting your investments. The greater the risks, the higher the rewards. If you put your capital into investments that can yield a bigger return (as long as you’ve done your homework on those investments first), then you could stand to make more money.Image result for 4 Benefits of Investing While You're Still in College

2. Tax Breaks

There is a myriad of investment vehicles available to you, many of which come with tax advantages that can benefit you come April 15th. It’s true that most college students don’t make enough income to be paying a lot in taxes. However, you can still protect the money you do have by placing it into accounts that won’t impose taxes on that investment.

3. Looking Ahead

Investing even a little bit of money over four years at Binghamton University can leave you with a pretty decent nest egg when you graduate. The small amount you might have invested will likely have grown over that time and it’ll be waiting for you when you enter the real world. Think of how great it will be to have those funds available when you’re paying looking for a job and paying off that student loan debt.

4. Choosing the Right Career Path

Putting aside some money toward investments is only one component of your future. While your money is growing in whatever fund or account you’ve decided to invest in, your chosen major and resulting educational path can also benefit you greatly. College is meant to prepare you for the rest of your life. Thus, selecting a career path that can lead you to a high-paying job years after you graduate will pay off two-fold. You’ll have money gaining interest while you’re learning the ropes and advancing in the career path you’ve trained for all these years. Then, you’ll have the money to invest even more and receive even higher returns on your capital.

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