Money management is one of the important life skills that you can develop but unfortunately it’s not something you get taught in school. They would much rather teach you what the longest side of a triangle is called, than how to create financial freedom. As a result, many young adults find themselves struggling to make ends meet and facing financial stress in their 20’s. However, by learning some key money lessons early on, you can set yourself up for a brighter financial future.
1. Put Your Money To Work: you cannot get rich with your money in a savings account. The average savings account APY is less than 1% a figure that is laughable; you must find ways to make your money work for you. You must invest in appreciating assets such as businesses, real estate, and stocks. For most people, stocks are where they begin their investing journey because the barrier to entry is much lower than the money you would need to invest in property or front business.
