I was in a bus when this ‘ TITLE:don’t waste money in your 20’s’ popped out of my head after I spied one friend of mine with massive headphone staggered on his head.
Lets call this friend of mine as Fefe.
The reason why Fefe bought those headphones was not because he really wanted them . Instead he saw those huge headphones on one of his friends Whatsapp stories .
And the next day he saw those headphones on his friends head in college. Guess what Fefe did next ???
This fucker(Fefe) bought the same Headphone(i mean the` same model)!! He didn’t even consider buying one with a different color, lol.
WHY ‘SOME’ WASTE MONEY ???
SOME humans like ‘Fefe’ waste money just to fucking show off. They want to feel good instantly.They crave for instant gratification.
They carve for attention , but they don’t realize no one gives a fuck about them.
One day I was talking to my 24 year old friend and he said one of his friend (Let’s call him Zeze)bought a car. Zeze’s salary wasn’t that good, was ₹30K/month, but still bought a car on loan.
This convo with my friend made me realize how some people like Fefe and Zeze are draining so much money. They can instead make this money work for them!
More on ‘how to make money work for you’ in coming paragraphs.Keep reading.
YOU DON’T BUY USING LOGIC, YOU BUY USING EMOTIONS
There’s a famous saying which goes like this:If you bought something for ₹400 in sale which had before cost you ₹500,you haven’t saved 100₹, You have wasted ₹400.
Think about it. Unearth your memories and peek into it !!! Did you bought using logic or using emotions???
Why do some people buy so costly phones? Like why do so many rich humans hopp with anxiety until they don’t have the latest iPhone??
Because they want to show others how rich they are . That’s all. One of my friend had a iPhone and he regretted to me saying he did a silly mistake of buying an iPhone.
He said iPhone has plethora of disadvantages . Then I asked , ‘Why the Hell You Bought It then ? His sighed and said:
“Because iPhone is a sign of Richness. All Actors have iPhone and rich people have it. ” and
I smiled at him.
One friend of mine , Kiki, always buys the latest iPhone no matter how good the condition of her old iPhone be. Is she so stupid to do this thing?
No, but she doesn’t realize how her actions are affected by emotions not logic.
so ponder on anything you buy next time. Ask yourself why are you buying?
DO YOU WASTE MONEY!!
So if you are in your 20’s , you might be a college student or working . I will show , how you might be wasting your precious money .. before that lets know
WHY THE FUCK AM I SAYING ‘ DON’T WASTE MONEY’!!
This is a cliche. We all know that we shouldn’t waste money. Let me remind you why..
If you are in your 20’s , I think it is the best time to invest money in yourself.Why?
This investment will give so much results in the future. By investing in yourself i mean
1 . invest money in good food .
2. invest money in books
3. invest money in learning from courses, audio books,seminars etc.
4. invest money in starting a side hustle which generates income for you like Youtube ,online business etc.
5.Invest your money in stock market .
6. Invest money to learn skills from websites like skillshare.com.
7.Invest in Experience
See, I strongly feel , the quality of work you do in 20’s, plays a mammoth role in your career. Hence this is best time to use money smartly.
By investing money in yourself , you will be in a very good position financially and mentally, say after 10 years ago .
Use it on things which will help you grow. You will one day have to survive on your own.
Life is not as big as we think it to be. You got to take actions.Gulp this fact in your mind.
WHAT 90% OF YOU DO
WHAT YOU DO VS WHAT ‘THEY’ DO
WATCH NETFLIX : THEY WATCH WEBINARS
WATCH CONCERTS : THEY WATCH SEMINARS
GO TO THE BARS/PARTY : THEY GO TO GYM
‘STUDY FOR COLLEGE EXAMS’ : “THEY STUDY FOR EXAMS BUT ALSO GO BEYOND ACADEMIC EDUCATION.”
‘They’ refer to people who are taking actions for their career. They are investing time and money on themselves.
MAKE MONEY WORK FOR YOU
Making money work for you means , once you set up a system , you don’t need to work for money for hours and hours like most humans do.
Foe example, If you have a spare house and you rent it for $10K . You will do no work work or say less work for getting those $10K, hence money is working for you!!
This is called passive Income. Active Income is what most humans do , working for more than 40 hours a week and getting money.
Passive income requires a lot of initial effort , but once the system is set up , you can enjoy your life like never before. Yeah, its easier said than done , but its worth trying.
If you are student you can put some money regularly in index funds or stocks. This money will keep on compounding and your money will work for you.
Or you can start some side hustle through which you can make money like Freelancing,Blogging,Affiliate Marketing,Reselling in Amazon,Youtube , opening a startup etc..
There’s no dearth of opportunities , but are you ready for it?
If you have a job , take some part out or identify first your silly expense, cut them and invest that money in index funds.
THE CENTRAL IDEA: IS TO PUT YOUR MONEY INTO A ‘MONEY MAKING MACHINE’.
This ‘money making machine’ can be your online business index funds, stocks etc.. You need to decipher which one you want to work on.
But before earning money, you will have to put a lot of work .Then only will the system will work for you.
I recommend you to read ‘RICH DAD POOR DAD ‘ AND ‘ FOUR HOUR WORKWEEK’.
BIGGEST MONEY WASTERS
Majority of Today’s young students are wasting money on Parties,Drugs,Cocaine,Clothes,Cars,Junk Food etc. They don’t examine the importance of money.
They are financially illiterate.They are wasting money in all these crappy items, which also is detrimental to health.
If we compound the amount of money which gets sucked by ‘money wasters’ for 5 years , the total will be gargantuan.
Gosh, so much money gets wasted . Students never really ponder about this. They are too busy enjoying their life.
No one tells you the importance of money . Because you live in a society where you learn to work for money.
When you start to learn ‘to make money work for you’, then you will admire the importance of every single penny!!!TRY IT OUT.
So many of you buy stuff just to show the world . You buy costly clothes for what?
Ask yourself Why do you buy expensive things, do you go for quality or for ‘showing off’?
In Summary : Be aware of how much money you are wasting ==>limit down this number==> invest in yourself and in ‘money making machine’.
Hope you learned something new from this blog . I am excited to know what you think regarding this blog, please comment.
GOD BLESS YOU