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Important Things A 20-year-old Need To Know About Money And Finance - Investment - Nairaland

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Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 8:52pm On Dec 18, 2016
Now your real education can begin:

A) Don't save money. Make more. If you think this is not so easy then when you walk in a certain direction then eventually you will get there.

B) That said, don't spend money on the biggest expenses in life. House and college. Just saving on these two things alone is worth over a million dollars in your bank account.

C) But doesn't renting flush money down the toilet? No, it doesn't. Do the math. You can argue all you want but the math is very clear as long as you are not lying to yourself.

D) Haven't studies shown that college graduates make more money 20 years later?

No, studies have not shown that. They show correlation but not causation and they don't take into account multi-collinearity (it could be that the children of middle class families have higher paying jobs later and, oh by the way, these children also go to college).

E) Don't invest in anything that you can't directly control every aspect of. In other words...yourself. You can't make or save money from a salary.

And salaries have been going down versus inflation for 40 years. So don't count on a salary. You're 20, please take this advice alone if you take any advice at all.

F) If you want to make money you have to learn the following skills. None of these skills are taught in college. I'm not saying college is awful. I'm just saying that the only skills needed to make money will never be learned in college:

- how to sell (both in a presentation and via copywriting)
- how to negotiate (which means win-win, not war)
- creativity (take out a pad, write down a list of ideas, every day)
- leadership (give more to others than you expect back for yourself)
- networking (a corollary of leadership)
- how to live by themes instead of goals (goals will fail you)
- reinvention (which will happen repeatedly throughout a life)
- idea sex (get good at coming up with ideas. Then combine them. Master the intersection)
- the 1% rule (every week try to get better 1% physically, emotionally, mentally)
- "the google rule" - give constantly to the people in your network. The value of your network increase linearly if you get to know more people but EXPONENTIALLY if you and the people you know, get to know and help each other.
- how to fail so that a failure turns into a beginning
- simple tools to increase productivity
- how to master a field. You can't learn this in school with each "field" being regimented into equal 50 minute periods. Mastery begins when formal education ends. Find the topic that sets your heart on fire. Then combust.
- stopping the noise: news, advice books, fees upon fees in almost every area of life. Create your own noise instead of falling in line with the others.

If you do all this you will gradually make more and more money and help more and more people. At least, I've seen it happen for me and for others.

I hope this doesn't sound arrogant. I've messed up too much by not following the above advice.

Don't plagiarize the lives of your parents, your peers, your teachers, your colleagues, your bosses.

Create your own life.

I wish I were you because if you follow the above, then you will most likely end up doing what you love and getting massively rich and helping many others.

I didn't do that when I was 20. But now, at 28 , I'm really grateful I follow the above rules
And remember to Invest On Real Estate after making so much money , check my profile for more details

2 Likes

Re: Important Things A 20-year-old Need To Know About Money And Finance by Eleniyan15: 8:55pm On Dec 18, 2016
okay
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 5:10pm On Dec 31, 2016
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”

2 Likes

Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 4:25pm On Jan 01, 2017
..
ShoProperties:
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 9:37pm On Jan 01, 2017
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 5:49pm On Jan 02, 2017
The current exchange rate is favouring you all now. Take advantage of it. This is a blessing in disguise. Don't let this opportunity pass. Invest back home. Buy landed properties. Just send your representatives to me (lawyer, surveyor, family members to come for inspection and also carry out due diligence
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 3:16pm On Jan 03, 2017
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 6:41pm On Jan 03, 2017
Lekki is one of the fastest developing community in the whole of Nigeria right now, and what’s more, the train is moving further, just as developments in that area gets better. Wise people are taking position in vantage points of that area now
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 9:07pm On Jan 03, 2017
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 11:43pm On Jan 05, 2017
we help people realize their aspirations for the pride of ownership, comfort, security and wealth through the provision of excellent homes and the will to provide homes for all classes of society with focus on the neglected populace in respect to government housing programs ..
Re: Important Things A 20-year-old Need To Know About Money And Finance by Ugosample(m): 12:29am On Jan 06, 2017
Nice
Re: Important Things A 20-year-old Need To Know About Money And Finance by Homefinders(f): 8:41pm On Jan 08, 2017
...
ShoProperties:
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 7:01pm On Jan 12, 2017
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 4:38pm On Jan 13, 2017
we help people realize their aspirations for the pride of ownership, comfort, security and wealth through the provision of excellent homes and the will to provide homes for all classes of society with focus on the neglected populace in respect to government housing programs ..
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 12:07am On Jan 14, 2017
definitions of wealth. I’m going to argue that wealth = real tangible assets.
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 12:59am On Jan 18, 2017
Increasing money is the trickiest! Sure it is But let me give u an Expo , In this Recession the only place Huge Return is Guaranteed is Real Estate , like now You invest on a Vacant land for Residential use or commercial use , Trust me Huge returns await u depending on long u can hold on to your plot or Acres of land . But Real Estate is sure going to Increase Your Money Contact me on 08124579981 have got Strategic Places To Invest On Cheap Lands And Resell For Huge Profits

Focus on increasing your money instead of making or keeping it.
ShoProperties:
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 1:11am On Jan 18, 2017
Increasing money is the trickiest! Sure it is But let me give u an Expo , In this Recession the only place Huge Return is Guaranteed is Real Estate , like now You invest on a Vacant land for Residential use or commercial use , Trust me Huge returns await u depending on long u can hold on to your plot or Acres of land . But Real Estate is sure going to Increase Your Money Contact me on 08124579981 have got Strategic Places To Invest On Cheap Lands And Resell For Huge Profits

Focus on increasing your money instead of making or keeping it.
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 1:06pm On Jan 19, 2017
The on-going construction of the West Africa gas pipeline project in Ibeju-Lekki LGA by the Federal Government will serve the energy needs of the industrial and residential occupants of this axis.
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 10:07pm On Jan 19, 2017
believe it when we tell you we’re here to help you increase you wealth.
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 6:52pm On Jan 22, 2017
.....
ShoProperties:
Lekki is one of the fastest developing community in the whole of Nigeria right now, and what’s more, the train is moving further, just as developments in that area gets better. Wise people are taking position in vantage points of that area now
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 7:18pm On Jan 22, 2017
...
ShoProperties:
believe it when we tell you we’re here to help you increase you wealth.
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 1:18am On Jan 23, 2017
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 6:14am On Jan 23, 2017
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 12:04pm On Jan 23, 2017
Call Us Today 08124579981 , Let's be your guide to Safe and Secured Property Investments in and around Ibeju Lekki
#No Omo Onile
#No Inspection Fees
#No agency fees
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#Instalment Plan Allowed
#Good Title

Re: Important Things A 20-year-old Need To Know About Money And Finance by IBEJULEKKILANDS(m): 7:57pm On Jan 23, 2017
Because, the below projects are ongoing at Ibeju-Lekki / Free Trade Zone.

Talk to us today, to take advantage of low budget real estate opportunities in this axis:

Lekki Free Trade Zone https://en.m.wikipedia.org/wiki/Lekki

Video of Lekki Free Trade Zone
https://www.youtube.com/watch?v=7mKD5fSnTQI

African’s 2nd Largest Deep Sea Port http://www.lekkiport.com/

Investment Opportunities in Lekki Free Trade Zone http://www.lfzdc.org/

Lagos Smart City http://punchng.com/photos-proposed-lagos-smart-city/
[/quote]
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 5:39pm On Jan 26, 2017
call 08124579981 now
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 11:44pm On Jan 26, 2017
Lekki is one of the fastest developing community in the whole of Nigeria right now, and what’s more, the train is moving further, just as developments in that area gets better. Wise people are taking position in vantage points of that area now
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 5:17pm On Jan 27, 2017
call now
ShoProperties:
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 8:14pm On Jan 27, 2017
call
ShoProperties:
believe it when we tell you we’re here to help you increase you wealth.
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 10:22am On Jan 30, 2017
Re: Important Things A 20-year-old Need To Know About Money And Finance by ShoProperties(m): 10:22am On Jan 30, 2017
..
ShoProperties:
call 08124579981 now

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