What to think about when investing in 2020

1.       Start immediately to benefit from the magic of compound interest

Avoid delays. When you start immediately, you take advantage of time and compounding interest. When you start early you can start with small amounts which you can start increasing as time goes by. You have to first create the saving habit. Once you learn to live without Sh1,000, you can learn to live without Sh2,000, then Sh3,000. Start where you are as there is no amount of money that is small. When you get money, save first then spend. Most people do the opposite by spending then saving what is left over. If you can deduct it from the source, the better. If you are a salaried person, you can deduct it before you receive your salary, through a check-off system. If you are in business you can do a standing order. It gets to the account and is picked, so what remains is your money.