Investing your money is the first step to financial freedom. Money that sits in a bank account gains nothing for you, and it simply gets eaten away by inflation. It is estimated that as high as 20% returns can be reasonably yielded from invested money.
You need to create a financial plan for yourself. Nearly half of all Americans have no plans for their money, and this means they really have no plans for their future, including important things like continuing their education, getting married, purchasing a home, or retiring. You have to embrace the fact that you need a plan, and you have to get over your fear of investing some of your money.
The earlier you start to save, the better. Even a person just 10 years younger can create a lot more wealth for themselves than someone 10 years older than them by just saving and investing a little of their money each and every month. It is really as simple as that.
Source: Best Finance School