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What I Wish I Knew at 16
5 Life lessons to help you get ahead,
No. 2 could slingshot you to millionaire status.
// Thread
5 Life lessons to help you get ahead,
No. 2 could slingshot you to millionaire status.
// Thread
1. Network, Network, Network
I wish I took the time to connect with:
- More mentors
- More people my age
- More business owners
There is no such thing as "self-made."
Your network really is your net worth.
I wish I took the time to connect with:
- More mentors
- More people my age
- More business owners
There is no such thing as "self-made."
Your network really is your net worth.
2. Invest - Don't Just Save
When I was 16 I was:
- Saving money
- Not investing money
Inflation was eating away at my money's buying power.
My advice?
Start investing in low-cost index funds.
How?
Check out my guide
https://themillennialmoneywoman.com/dollar-cost-averaging/
When I was 16 I was:
- Saving money
- Not investing money
Inflation was eating away at my money's buying power.
My advice?
Start investing in low-cost index funds.
How?
Check out my guide
https://themillennialmoneywoman.com/dollar-cost-averaging/
3. Open a Roth IRA
A Roth IRA is a retirement account that the super-rich open as soon as they can.
Benefits of a Roth IRA:
- Tax-free withdrawals
- Earnings grow tax-free
- Anyone with income can contribute
I wonder where I could be today had I opened a Roth IRA earlier.
A Roth IRA is a retirement account that the super-rich open as soon as they can.
Benefits of a Roth IRA:
- Tax-free withdrawals
- Earnings grow tax-free
- Anyone with income can contribute
I wonder where I could be today had I opened a Roth IRA earlier.
4. Surround Yourself with the Smartest People
A CEO of a multi-million dollar company once told me:
"Never be the smartest person in the room. If that's the case, you're doing it wrong."
Learn from those who are better than you.
A CEO of a multi-million dollar company once told me:
"Never be the smartest person in the room. If that's the case, you're doing it wrong."
Learn from those who are better than you.
5. Shoot for the Moon, and Even if you Miss, you’ll Land Among the Stars
Pursue your dreams.
As Confucious once said,
"Choose a job you love and you'll never have to work a day in your life."
Don’t play the conservative card.
Dare to follow your passion.
Pursue your dreams.
As Confucious once said,
"Choose a job you love and you'll never have to work a day in your life."
Don’t play the conservative card.
Dare to follow your passion.
