6 CRUCIAL MONEY LESSONS YOU MUST LEARN IN YOUR 20s
1. Spend less than you make
While this may be one of the most simple financial rules, it’s often one of the hardest.
Try to save and invest at least 30% of your income. Doing this will put you far ahead of everyone else.
While this may be one of the most simple financial rules, it’s often one of the hardest.
Try to save and invest at least 30% of your income. Doing this will put you far ahead of everyone else.
2. Set clear financial goals
You need to have a set goal to work towards, or saving will seem much more difficult.
Once you’ve figured out your goals and crafted a plan, you're already halfway there.
You need to have a set goal to work towards, or saving will seem much more difficult.
Once you’ve figured out your goals and crafted a plan, you're already halfway there.
3. Increase your income
Increasing your income will make you hit your financial goals a lot quicker.
Whether that’s asking for a raise, getting a promotion, starting a side hustle, or a business, the opportunities are endless.
Increasing your income will make you hit your financial goals a lot quicker.
Whether that’s asking for a raise, getting a promotion, starting a side hustle, or a business, the opportunities are endless.
4. Start as soon as you can
Compound interest allows the interest on your savings to earn even more interest.
When starting young, time is your most valuable asset.
Waiting just a few years to start saving will significantly reduce the size of your retirement nest egg.
Compound interest allows the interest on your savings to earn even more interest.
When starting young, time is your most valuable asset.
Waiting just a few years to start saving will significantly reduce the size of your retirement nest egg.
5. Never turn down free money
If your employer offers to match a percentage of your 401k contribution, you need to maximize that benefit by contributing to the match limit.
You should never turn down free money, your nest egg will grow faster.
If your employer offers to match a percentage of your 401k contribution, you need to maximize that benefit by contributing to the match limit.
You should never turn down free money, your nest egg will grow faster.
6. Don’t let the financial world intimidate you
It has been observed that 80% of personal finance is not financial education, but financial behavior.
The truth is, if you can modify your behavior with your finances, you can modify your financial future.
It has been observed that 80% of personal finance is not financial education, but financial behavior.
The truth is, if you can modify your behavior with your finances, you can modify your financial future.
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It'll show you the secret CHAD traits that you can use today to become more masculine, and productive… and make the discipline-required things come effortlessly!
Change your life here: gumroad.com (aff)
Thanks for reading!
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If you liked this thread, please:
1. Retweet the first tweet.
2. Follow me @FIMindset__ for more valuable content on self-improvement.
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