here are 10 solid financial tips they won't teach you in school, but i will:
1. if you can't buy it multiple times, you can't afford it. not once. not barely. multiple times. if one purchase empties your acc or gives you anxiety, it's probably a liability not a flex.
2. wealth isn't measured by what you earn but by what you keep. most people get a raise and immediately upgrade their lifestyle, that's why many people earn more every year but never build wealth.
3. your 20s are for building not performing. you don't need the newest car or designer clothes every weekend. what you need is valuable skills, discipline, strong networks and capital.
4. learn the difference between needs, wants and impulses. a surprising number of purchases are emotional decisions disguised as necessities. wait a few days before buying. if you still want it, it may be worth it. if not, you were just buying dopamine.
5. your income rarely outgrows your value. luck can create opportunities, but skills create consistency. the more valuable you become, the higher your earning potential.
6. start investing early, even if the amount is small. time is one of the most powerful forces in finance and your biggest leverage. consistency over many years beats large investments made too late.
7. avoid lifestyle inflation. every increase in income doesn't require an increase in spending. let your investments grow faster than your expenses.
8. an emergency fund is a necessity not a luxury. having money set aside for unexpected events keeps one bad day from becoming a financial disaster.
9. debt used for consumption makes you poorer. borrowing to impress people is expensive. if you must use debt, understand exactly how it benefits you and what it costs.
10. learn how money works before chasing it. understand inflation, interest, assets, liabilities, taxes, investing and compounding. you can't consistently win a game whose rules you don't know.
look, most people aren't financially behind cos they're incapable. they're behind cos no one taught them the fundamentals. social media won't make you wealthy overnight. discipline, knowledge and patience, repeated over years, will.
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buena suerte. 👍
Please teach me something 🎤