Embarking on your investment journey with a consistent strategy is key to long-term success. One effective method is cost averaging. This means you invest a fixed amount at regular intervals, regardless of how the market is performing. Whether the market is up, down, or flat, you stick to your plan.

Imagine setting aside a small portion of your monthly allowance, part-time job earnings, or even a side hustle income. For young people, this strategy is particularly advantageous. These consistent contributions can grow significantly over time thanks to the power of compounding. Plus, starting early gives you a valuable head start, allowing your investments more time to grow. Finally, it helps to smooth out the highs and lows of the market over time, reducing the impact of volatility.