"I'll start investing when..." is one of the most expensive phrases in personal finance. While waiting for the "right time," you're forfeiting the most powerful advantage you have: time itself.
The Mathematics of Delay
Every year you delay investing is a year of potential growth lost forever. Thanks to compounding, early investments have decades more time to grow than later ones. A dollar invested at 25 has far more potential than a dollar invested at 35.
Common Reasons for Waiting
People wait for various reasons: market uncertainty, not having "enough" to invest, wanting to pay off all debt first, or simply not knowing where to start. While some reasons are more valid than others, understanding the tradeoffs helps make informed decisions.
Perfect Timing Is a Myth
Studies show that even investors with the worst possible market timing—investing at market peaks—still outperformed those who stayed in cash waiting for the "right moment." Consistent investing over time matters more than entry points.
Starting Small Is Starting
You don't need large sums to begin. Starting with small, regular investments builds the habit, gets you comfortable with market fluctuations, and begins the compounding process. The amount can grow as your income and confidence increase.
Key Takeaway
The best time to start investing was years ago. The second best time is now. Don't let the pursuit of perfect conditions prevent you from getting started.