Ask any multimillionaire what one of the biggest regrets he has in life. I guarantee that many of them will answer that they wish they had started earlier, to have changed various attitudes when they were young. I agree with it. I started investing at the age of 27 and I’m sure that if I started earlier my story would be different.
If you are 20 years old today, there are several actions you can take now to make your growth and enrichment process much easier in the coming decades. I have separated some points to which I consider it essential to pay attention today.
Think about who you’re going to spend your life with.
I’m sure this is a controversial opinion and many people will consider me selfish or insensitive, but you have to understand one thing: as much as you love the person you’re married to, or are going to marry, unfortunately money plays a big part in fights. and couple decisions.
If you are a very financially responsible person today, but you are with someone who is not interested in taking care of money, it is time to have an open conversation about it.
At some point in your life this can become a major conflict. It is not uncommon for us to make some sacrifices to be able to invest every month. For many people these attitudes make perfect sense, while for others this is unthinkable.
In any case, having clear communication regarding expectations and goals in the future is essential. Don’t wait until this topic becomes a point of contention to talk about money.
Learn to be cheap
When I was learning to take care of finances, I learned a phrase that I carry with me for a lifetime: “Stop trying to impress people who don’t care about you with money you don’t have.”
If you understand and practice this at the age of 20, I’m sure that for the rest of your life you will be much more peaceful financially than people who today only boast but don’t have a dollar saved in their account.
Make conscious choices with your money. It is very tempting to buy a car or a house when financial conditions allow, but this is not always a good idea. These acquisitions generate debt that persists for years and impedes its long-term growth.
Be an eternal dissatisfied
As good as my company is, as good as my earnings are, I am never satisfied. I always want the best, I always want more and I believe this was the motivation to lead today the life I always dreamed of.
If today you are in a job where you earn well, keep an eye out and look for one that pays better and already make a plan to get it. What do you need to do to earn this position? Which way do you need to go for this?
Often, your dissatisfaction will make you face difficult decisions. For example, before being a financial educator, I worked as an administrator. I even earned well, but I wanted more, I wanted freedom. For that, I knew I had to open my own business.
I did the math and realized that for me to become a financial educator, I would have to take a series of courses, spend several weekends traveling and working, and that would cost me R$30,000. At that time, this amount would be sorely missed, but even so, I decided to continue with the courses, and it was well worth it. Today I live as a financial educator and my company grows every day.
Take advantage of the fact that you are new to try different things and don’t be afraid to make mistakes. This is part of the growth process and will give you a lot of baggage to face the next few years with great confidence.