The correct answer is: A. Young age.
The earlier you start financial planning, the more time your money has to grow. Even if you can only save a small amount each month, it will add up over time.
There are many benefits to starting financial planning at a young age. For example, you can take advantage of compound interest, which is when your interest earns interest. This can help your money grow even faster.
You can also use financial planning to reach your financial goals, such as buying a house, retiring early, or sending your children to college.
If you’re not sure where to start with financial planning, there are many resources available to help you. You can talk to a financial advisor, read books and articles, or use online tools.
The other options are incorrect because:
- B. Middle age is too late to start financial planning. You will have less time for your money to grow and you may have more financial obligations, such as a mortgage or children.
- C. Advanced age is also too late to start financial planning. You may not have enough time for your money to grow and you may have more health care expenses.
- D. First salary is a good time to start financial planning, but it is not the earliest time. You should start financial planning as soon as possible.