What you need to know about finance 20 years
Get Rich / / December 20, 2019
Learn about finances and how to handle money, you need as soon as possible. We hope that our article will help you with this.
I'm careless with money. I think, like many other 20-year-old. However, common sense sometimes resembles that forever can not continue and the money you need to learn a lot. Sometimes it slips thought: "Gosh, Sasha, you're four years he studied at the University of Economics and do not know anything about the money?". Nothing.
Of this topic on Quora you can learn a lot about finances. Moreover, the knowledge shared in it himself James Altusher. And his answer is so useful that we decided to retell it to you.
You 20 years... When I was 20, I was trying to save money, which then still somewhere disappeared. When I was 22, I went to university and then quit three jobs in a row. When I was 24, I moved to New York and began his career. The first of the ten.
At that time, I was earning a lot of money. And then I lost a lot. Then I earn even more and lose more. This cycle was repeated so many times that I even tried to carry out a study about what I'm doing wrong. So I'm not an expert, but I can share tips that I would like to know, when I was 20, not when I was already 46.
Do not skimp on the details. If you buy a coffee on the street, rather than in a coffee shop, you can save a dollar, but it does not make you rich. I advise you to save on the really expensive things.
Think about it, you save a dollar on the coffee, and then buy a home for hundreds of thousands. Or save on the books, and after buying unnecessary educated at the University of the tens of thousands. You see, what you need to save? I hope so, and now move on to the tips.
- Do not hoard money. Invest them.
- Do not waste your money on two of the most expensive and unnecessary purchases in your life: the house and the university. Until you get up on your feet, you can safely do without a personal two-storey two-bedroom apartment or cottage.
- Do the math, that will be cheaper: housing rental or purchase of its own.
- Do not invest in something that you can not completely control, or what do not understand.
- It is better to invest in yourself.
- If you want to earn a lot of money, you'll need to master some skills:
- how to sell (presentation and text);
- how to negotiate;
- creativity;
- leadership (let others more than to want to get in return);
- Networking;
- usually 1% (every week get better by 1% physically, emotionally and mentally);
- how to make mistakes and to make the lesson;
- be effective;
- cease to be wasted on unnecessary things (news, social networks).
If you learn all this, you will earn more and more money as well as helping to more and more people. At least that's what happened to me and many other people with whom I am familiar. I hope that my tips are not sounded banal and arrogant. Despite the fact that I wrote these "smart" tips, I'm pretty much screwed up again. But because of his mistakes he was able to make a favor. Hopefully you will be able to you.
Remember one more thing. Do not plagiarize others' lives. Your parents, idols, teachers and friends - they have their own life.
And you have to create your own.