5 ways to Invest in your 20s!
Oftentimes when we think of investment we often only limit it to some monetary gains of some sort
However, have you ever thought to invest in yourself?
The best kinds of investment are the ones you make towards your life
With that being said today we shall discuss the top 5 ways to invest in your 20s
Some of them you probably are familiar with, but just need a reminder
However, I assure you, at the end of today’s blog you will discover 5 ways to invest in your 20s
1. READ BOOKS!
I know the thought of this might just make you want to close the article.
But Please Hold on a second and hear me out .
As much as it sounds cliche-ish. it’s actually not!
Although, I understand how overwhelming it can be if you aren’t yet used to it.
OMG! Do you know how much of a burden reading used to be for me?
Not until I stumbled on the 20min rule see here
And ever since then, it has gotten way better for me and it can for you too
Like someone once said you will remain the same state you are now in the next five years except for two things
• The book you read and
• The association you keep
Reading does amazing things to you.
- It changes your perspective about things
- it increases your vocabulary
- boost your self-esteem & confidence level
- improves your memory etc
I believe the world is way too large to be stuck up in one place for the rest of your life
With that being said ;
You can start off by seeing the closest places close to you, a different city, town, bordering countries, etc
3. START SAVING!
Okay here’s the most often dreaded part
As a student I didn’t know, nor, did I understand how the whole money thing worked.
I couldn’t account for how or where my money went into.
Maybe you can relate to that too!
It’s really not that hard to save!
You can start small
If you have no savings, it’s never too late to start now!
Here’s how to go about saving
The basic rule to savings is to allocate 20% of your income towards saving.
Of which you could allocate more, however, if at all you have to go lesser than 20% you can start with let’s say 5% or 10% for a start!
For instance, if your income or pocket money is let say 500$ per month sticking to 20% would mean you are allocating 100 $ towards saving while sticking to 10% means you are saving 50 $
4. Create multiple streams of income!
One way to invest in your 20s is to create multiple streams of income
According to Statistics, most millionaires have seven streams of income .
Yes you heard right seven!
Ever heard of not putting your eggs in one basket yes that applies here too!
If you are interested in learning the different sources of income streams then see here
Whether you have to develop your skills to, get an online diploma or certificates etc that you would, later on, get paid for then Go for it.
The goal is for you and I to become so financially secure that we forget its payday.Anonymous
5. Find a business coach or a mentor!
By investing in a coach, mentor or trainer, you learn new things and make yourself better!
I understand how challenging this can sometimes be especially in the beginning stage
That is, when in search of a mentor or coach
For so long I did that too
I began seeking out for mentors and it became frustrating until I realized how the people around me could be potential mentors.
So likewise look within and you just might find someone that has gone way ahead of you in a particular area you plan to go in and ask for help!
Finally, Remember an investment in ones life is the greatest one can make .Carrie Smith
Who says you can’t?
“Anything is possible if a person believes” mark 9:23
This comes to the end of our blog post where we discussed the 5 ways to invest in your 20s
- I hope you enjoyed going through it?
- How else can one invest in oneself?
Comment down below,
I’m eager to read them
And thanks for visiting.
See you in the next post x.