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7 Life Lessons for My Younger Self
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1. 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 ASAP.
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 ASAP.
2. 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.
My advice?
Build and maintain your network ASAP.
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.
My advice?
Build and maintain your network ASAP.
3. Open a Roth IRA
A Roth IRA is a tax-advantaged retirement account.
Benefits of a Roth IRA:
- Tax-free withdrawals
- Earnings grow tax-free
- Anyone with income can contribute
My advice?
- Open a Roth IRA
- Start investing
- Build wealth
A Roth IRA is a tax-advantaged retirement account.
Benefits of a Roth IRA:
- Tax-free withdrawals
- Earnings grow tax-free
- Anyone with income can contribute
My advice?
- Open a Roth IRA
- Start investing
- Build wealth
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.
My advice?
Find friends that inspire 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.
My advice?
Find friends that inspire you.
5. Say "No" More Often
Saying "No" is a superpower
Some effective Tips:
- Be firm
- Prioritize
- Be confident
- Evaluate your options
- Understand the question
My advice?
Stay true to yourself and don't be afraid to say "no."
Saying "No" is a superpower
Some effective Tips:
- Be firm
- Prioritize
- Be confident
- Evaluate your options
- Understand the question
My advice?
Stay true to yourself and don't be afraid to say "no."
6. Diversify your Income
The typical millionaire has 7 income streams.
Focus on the long-term goal: Building Wealth.
- Never put your eggs in 1 basket
- Never rely on 1 income stream
- Start building a side hustle
My advice?
Monetize your passion.
The typical millionaire has 7 income streams.
Focus on the long-term goal: Building Wealth.
- Never put your eggs in 1 basket
- Never rely on 1 income stream
- Start building a side hustle
My advice?
Monetize your passion.
7. Live without Limits
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
My advice?
Be comfortable being uncomfortable.
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
My advice?
Be comfortable being uncomfortable.
When you are young, time is on your side.
Habits you start today compound for tomorrow.
My best advice?
Follow The MMW
https://themillennialmoneywoman.com/
Habits you start today compound for tomorrow.
My best advice?
Follow The MMW
https://themillennialmoneywoman.com/
