A person's money habits regarding making, spending, or investing their money are already formed by the age of 7.
Surprising?
It should be.
because, how many of us were taught about the definition of money, investing, or even the concept of taxes at the age of 7?
That’s what I thought, me neither.
While we spend years in school memorizing formulas, important dates, and learning to write pages of essays, most of us graduate without even know what a balance sheet is
Understanding money isn't just about being able to count dollar bills. It's about knowing the value of earning and understanding the concept of investing.
It's about making informed decisions that can shape our future.
How many stories have you heard of lottery winners who go bankrupt within a few years? Or athletes who made millions in their 20’s but ended up broke?
It all boils down to one thing: lack of financial education.
(And the social pressure, but that’s a topic for another time)
What to do with your money?
(Disclaimer: this is not financial advice)
These 3 words: Invest, Invest, Invest.
If you still have you’re money in your savings account with a ROI of 9 percent.
I have no words for you. I hope the best for your future. Good luck.
If I was 18 and I have five thousand dollars, here’s exactly what I would do.
I’d first look at the expenses and keep it below 30%.
The other 70% goes straight into the S&ME 500
Funds.
Now, I know what you’re thinking.
Ayush, what in the fucking world is
S&ME 500?
Simply means, investing on yourself.
Buy courses, find mentors, buy tickets to networking events, and perform high income producing activities.
By doing this, you are able to acquire high income skills, which’ll give you a 1000x return on your investment.
If you don't take away anything from this 3-minute read, I want you to pay close attention to this one sentence.
If your just starting out with your career, focus on acquiring skills and knowledge. The money will come on its own.
“The best investment you can make is in your self” - Uncle Warren
Once again, thank-you for tuning in to the third episode. I hope you found it valuable.
I appreciate you reading, listening, and sharing it with others.
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Writing Day 3