Non-negotiable Life Investment Considerations for Young Adults.
For those of us who are young and ambitious we surely understand the very strong role that investment has to play in our lives, it might not be possible to get our hands on all investment types at once but there are some type of investments that are non-negotiable for those of us who have dreams and aspirations, read to the end in order to find out those non-negotiable investments that should be seriously considered.
Self-investment.
This point for me happens to be one of the most important things I have learnt, when we are well-equipped then we can take advantage of opportunities. When the tides are low and things are not going on so well at some point, the skills that you have mastered will definitely pave way for you and help you take advantage of opportunities that will present themselves at such point.
Diversified form of investment.
Stocks and ETF’s for instance are a good form of investment but certainly we cannot ascertain what particular stock is going to pay off well and which one will not pay off too well so it is better for us to get diversified in our means of making investment by choosing to look out for various investment options and diversifying our portfolio. We must also bear in mind that getting into debt in order to invest is not a good option because a long-term investment method is always a better option and those loans will continue to acquire more interest with a specified time frame to pay up as well.
Try to live on your own.
It might be convenient to live with parents and guardian for a long time since it stops you from taking up certain responsibilities, but it is always a good option to make investment in having your own space because it is a good guide to get us exposed to the reality of the world and make us increase our means of income as well as cut down on unnecessary expenses.
Invest in having more knowledge about money.
At a young age there are several options thrown at us to help us enjoy life and while we are at it, we miss out on useful opportunities on how we can be better. It is a wise option to be concerned about where our finance is going to at a young age, this lessons and trainings will guide us through making smarter financial decisions that will be of a great advantage to us even when we become adults.
Try to always gather assets.
We might want to push this point until we get to the point of old age but putting it through a careful consideration, it remains a wise option for us to build assets as regularly as we make money. The process of gathering and developing assets will definitely add more strength to our financial capacity.
Try to invest in good relationships.
Asides from having a good and healthy financial lifestyle, we also need to embrace the need to have healthy relationships, the relationships we build today will have a very strong effect on us later on so we must be willing to put in our best into healthy and supportive relationships.
Greetings @gbenga no doubt relationships are determinant in achieving our successes in life, I find appropriate the phrase "When the tides are low and things are not going so well at some point, the skills you have mastered will definitely pave the way and help you seize opportunities" I consider it fits the times we live in facing the use of cryptos. Thanks for your input
I appreciate the wonderful feedback friend.
hello @gbenga,
When we are young the best thing we can invest in is our financial education, a solid education over time will allow us to build an investment portfolio that will grow over time and give us freedom and on the other hand it is possible that as we grow financially we will build friendships that will bring a lot of growth to our lives.
That's a good decision and thanks for contributing.
Greetings friend. These are good tips for young people, there are definitely some things that can be postponed when we are starting to invest in youth, but I consider that self-investment is not one of them, the earlier we acquire the knowledge and skills that will serve in the future to start and understand the world of investments much better.
I agree, the youthful age is when we have so much time to consider self investment and we must not joke with it.
Greetings @ gbenga, Excellent post where you make us flex on what we have done as adults and what our children can do in relation to investments for their future .
Thank you very much for sharing it.
Thank you very much friend @gbenga for such good content, as a father I can tell you that I would love for my son not only to read this publication but to put it into practice.
All the tips that you list are of the utmost importance so that young people can begin to build their economic freedom and their future well-being, accumulating assets, having financial knowledge and surrounding themselves with an environment of positive friendships that enhance their interest in growing professionally. and financially they are one of the most important things that young people of joy must work on today.
Have a happy day !!
I appreciate your comment buddy, thanks for the feedback.
The evidence of having a good financial knowledge is usually really obvious in the lives of young adults who have them, every young adult needs to be financially wise at points in their lives when they begin to have good financial inflow.
That's right, a good financial knowledge will create the necessary sound mind for a better achievement.
I totally identified myself with these tips, thank you for such a good recommendation.