Young South Africans are navigating rising living costs, student debt, family responsibilities and an uncertain economic environment, leading many to delay investing, retirement planning and insurance.
However, financial experts warn that postponing these decisions could come at a significant long-term cost.
According to Lungile Macuacua, Portfolio Analyst at 1nvest, time is the most critical factor in building wealth.
“The scarcest resource in building wealth is not capital, it is time,” Macuacua said. “Unlike money, time cannot be earned back later.”
She noted that early investing allows returns to compound over time, significantly boosting long-term outcomes.
