Making and saving money are excellent starting points on your financial independence journey. However, saving does not grow your money. Further, cash loses value over time due to inflation. To achieve your long-term financial goals, you need to invest money so that your hard-earned money can work hard for you.

Here are some of the top reasons why you should invest:

Harness the power of compound interest which allows the interest you earn to interest, ad infinitum
Achieve short-term goals such as taking a dream vacation, saving for a home down payment, etc., much faster
Secure financial stability and an enjoyable lifestyle in retirement as social security alone cannot fully meet all your future expenses
As Aya Laraya puts it, you are buying a day that you don’t have to work when you invest

Browse our best tips on investing to achieve your financial goals sooner and live life on your terms.