Many people recognise the need to grow their money. This is especially so in a world where inflation has reared its ugly head, causing the prices of goods and services to shoot up. The recent surge in interest rates, largely the result of the US Federal Reserve’s policy moves, makes loans more expensive to service and result in a larger cash flow drain. These events have made people more worried about having sufficient funds in their bank accounts when they eventually retire. Share investing is an effective method of growing your wealth and generating a useful source of passive income through dividends. We offer four compelling reasons why you should start investing as soon as you can.

1. A wider breadth of investment choices

The great thing about starting young is that you are more open to different investment choices. Investments can be split into two main categories – growth stocks and income stocks....