Is it a good idea to start investing at 16 or even start a business?

Answer by Trevor Carss:

It is an excellent idea to start investing. I did it at age 7 and it was the best decision of my childhood life. Your money compounds over time, and then by college/university, you won’t run into debt issues like the majority of students (assuming you are working a part-time or full-time job).

Starting a business is an even better idea and something I wish I had done at the age of 5. When you start a business, you learn more throughout the entrepreneurial journey than what school could teach you in a thousand years.

I highly recommend everyone start a business in their lifetime, just to understand what it’s like to be your own boss, experience failures and hustle like mad to make a dollar. You might even love the journey so much that you invest in yourself by investing in your business – the ultimate way to live your life.

Is it a good idea to start investing at 16 or even start a business?