A Millionaire before 30?
We all want to have financial freedom. And to do that we all have to change, from the way we look at things to our lifestyle. But it isn't really as complicated as it is. Achievements such as becoming a millionaire before 30 is a whole different game changer.
Personally, I have seen so many advices from people and I've made some points that really attracted me to follow them and somehow achieve my goals. I am not yet a millionaire to be honest since I'm only 20 but I just want to share the things I am currently learning. It's better to go to the top with somebody. It is hard to do things without a partner.
Here are the things I've been learning:
Save your Money
It is really hard to save money since we get tempted to the things we thought we needed but we actually don't. Saving money in a piggy bank is also like getting your money to the nearest bank, except that it doesn't grow or do interests. But what does it teach you? Once you do saving, not only do you learn more about how money is kept, you will also learn the essence of money. We all have the idea that when we have the money to buy something, we go for it right away. But the idea of saving is that you are controlling your money and at the same time yourself on buying things.
Investing in Stocks
Investing in stocks is like owning a piece of a company you put your money in. However, it is a tricky business. Since the modern era changes from time to time, you will never know what will go up and what will go down. If ever you're investment in stock didn't go so well, it may hard for you to accept it but at the same time, it teaches you the value of the market and how the charts flow. For beginners like me, I find it a good way to have my investment experience.
Learn New Skills
Start learning new things that will incorporate your goal to become a millionaire. You can find books that teaches you how to make money and self-discipline when it comes to losing and growing money. It is a process and it may take a long time. I personally recommend an app called Learn. It has everything from the basics up to the expert level on investing. It will also keep you focus when it comes to your goals and ways to achieve them.
Start a Business
Due to the pandemic, we can find ways to decrease the idea of people going outside. Find ways to start a business that will help people, from food industry up to customer services. Starting a business is not that easy as it is. Competition in the neighborhood will be the challenge but it is up to you to find ways to beat them. Learn everything you have to know for people to get attracted to buy on your store and not on the other one.
Side Hustles
Just in case you know in yourself that you don't have enough money, look for jobs that will help you to maintain or increase your money. There are many different apps that offer online jobs for you to, not only have more money, but enhance your skills. Just like this site, this is one of the best examples of a side hustle.
Good advice. 📈