Your 20s represent a pivotal time in your life, filled with opportunities and challenges. One of the most significant opportunities during this period is the chance to lay a strong foundation for your financial future. Here are ten strategies to help you start building wealth early through investing.

1. Embrace the Power of Early Investing

The principle of compound interest underscores the importance of starting your investment journey as early as possible. When you invest, your earnings generate their own earnings, creating a snowball effect that can lead to substantial growth over time. Even if you can only invest a small amount, the key is to start now. The longer your money is invested, the more potential it has to grow.

2. Set Clear and Specific Financial Goals

Having clear, specific financial goals can guide your investment decisions and keep you focused. These goals could range from saving for a down payment on a house, funding a future business venture, or building a nest egg for retirement. By identifying what you’re investing for, you can tailor your investment strategy to meet those specific goals.