4 Investing Tips for Your 20s
There are investments that, as long as you are willing to put in money, time and effort, will definitely bring a worthy return. Here are 4 investments that you should make at the age of 20-30, According to Tim Denning, an Australian blogger.
The older you get, the faster time passes. Ask any adult and you will get the same answer.
1- Invest in yourself
This advice may seem cliché, but it's actually the most basic step.
Invest in your mental health, eat well, exercise hard, relax in moderation and heal yourself. This is difficult at first, but it will give long-term benefits for your future life.
2- Invest to buy back your own time
Age 40-50 will be extremely difficult if you do not learn how to invest money early.
Social status is not what makes life better. Having enough time to do whatever you want is the highest status and genuine happiness.
4 Investing Tips for Your 20s / ph: pexels
Learn how to invest in profitable assets. Then, spend at least 20% of your total income to apply price averaging technique. If you do so, you'll protect your all the time making money from inflation.
3- Invest in building relationships
Relationships are considered as potential future transactions.
Just open the message inbox, you will see that every day you are faced with countless soliciting messages with all kinds of out-of-the-box content. Everyone is just focusing on investing, instead of building a long-term professional relationship.
A relationship must start with a conversation, not a request.
Build relationships with interesting people you meet.
Try starting a chat in the elevator. Directly message the people you admire, sharing things that will most likely interest them and benefit them. Opportunity will come if you work hard to do this.
4- Invest in a second-job
Finding yourself a second job is a very good strategy. This is an opportunity that allows you to do the work you love without the pressure or financial risk. When this job begins to take up a large part of your income, you can leave your old job to fully focus on the new one.
You can do a second job from 6pm to 10pm for at least 1 year. You should also invest the time to learn about ways to make money online. Don't be afraid to try new things.
4 Investing Tips for Your 20s
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