MO N EY TA L K S
Making Your Cash Grow For years, our parents have always told us, money doesn’t grow on trees. As we begin to get older and wiser, we understand that this statement is not entirely true. Money actually does grow on trees, but only when you plant the right seeds. If there is one demographic
that needs to become interested in their finances, it is the young adult crowd. Most young adults feel that they have plenty of time in the future to get serious about their finances, but the fact is, making a few good financial choices as early as possible will be even more beneficial than making brilliant choices later. One of the most important financial choices often overlooked by young adults is investing. It can be a scary concept for someone who doesn’t know much about it, but the reality is that you make investment decisions every day. Buying new
shoes is an investment decision. Leaving your savings in a checking account rather than a high yield savings account is an investment decision. Spending $200 on drinks, while hanging out with your friends on a Saturday night, is an investment decision. Truth be told, everything you do with your money is an investment decision, some just have the potential to bring you much larger returns. Financial advisor, Dwayne Gayle of First Command Financial Services offers up these tip to help you get started working on an investment portfolio that will deliver you an ROI (Return on investment):
62 RYSE MAGAZINE | J U LY/ A U G U S T 2011
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BY J. Jackson Sr.