Time is one thing you do not want to waste, as it is very limited for everyone in this world. This is why it is advisable to start working on your goals and dreams from a young age. Do not have the mindset of thinking its OK to start later, this is not the correct concept to have. The more you delay achieving your dream goal, the lower the chances you will have of reaching it. Younger generation of our time have it very easy when it comes to becoming financially wealthy with all the technologies and resources available to them. It is up to you to take action, do not dream about it, action it! As a young person, you should set your eyes on the bigger goals.
You should have the drive and motivation to be financially free, have goals to be your own boss, don’t let someone else tell you what to do and when to do it. To accomplish big goals, you will need to have targets in life. Think of it as a seed you are planting which you would like to see it grow into a big fruit tree one day producing many juicy fruits. The same concept can be taken when it comes to achieving your own goals. Now how does a seed turn into a huge tree that produces juicy fruits? It needs maintenance and you must have much patience for it to grow into a mighty tree that gives juicy fruits, it cannot magically turn into a huge tree from a seed in one day, and without care and maintenance, it will not produce quality fruits. This concept is exactly like your dream, start somewhere no matter how small it is, then continue to work on your goal, be consistent, and have lots of patience, one day you will realize the hard work and dedication you put into your goals will eventually give you fruits.
Simple ways to ACQUIRE money
Cash is king! When you are young and energetic, with little to no money saved, it is advisable to hustle your way through to having enough money, so that you can use your savings to invest in your journey to becoming financially wealthy. One way to get money is the obvious, having a job(s). Go all out, work extra hours. As a young individual, you are less likely to have any financial dependence, you are less likely to be in dept, you are less likely to spend excessively, and you should be able to save a huge portion of your earning. This is a good opportunity to build on your savings. Apart from earning money from a job, try other side hustles, for example if you are in school and you are not able to acquire a job, look for other avenues of earning, for example many young entrepreneurs start of by selling sweets in school, they would buy wholesale and sell at retail price. You need to take action quickly, no matter what situation you are in, to earn money you need to think smart and act fast. There are various other ways to make extra cash, there are apps and websites like Craigslist, Gumtree, Facebook marketplace and Shpock are a few to mention, you can use these platforms to acquire used cheap or free products that you can flip for more money. From experience, freelancing is a great way to earn money, you can work from the comfort of your own home and earn however much you desire by freelancing, however it is a tough process when it come to securing a job and delivering quality service, but worth it at the end. Overall, these are a few proven ways to make money when you are young, money does not come to you easily, you need to find ways to acquire it.
How can we invest our savings?
Once you have enough money saved, you need to use this savings to invest. Build more revenue streams. Invest your money wisely. In addition, let your money make you money. At the end of the day, we are humans and not robots, we cannot operate as a robot does, working for many hours, being told what to do and not having a life.
How can we use our money to make more money?
- Stocks and shares, advisable to invest in dividend stocks
- Real estates
- Crypto currency investment
- Peer to peer lending
These are a few proven ways to invest your money. The younger you start investing, and as time goes on you will realize how your money compounds and makes you more money. In no time, your money will start making you more money. This is called smart investing, with time you will see results.