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Financial advice for your 20s, I wish someone told me earlier. This is one of the most requested videos we’ve had for this channel so far, and one I’m very happy to send out into the world. And even if you’re not a young adult, this info should cover the basics, regardless of your current age.
In your twenties, you’re young, you’ve just been thrown out into the world, and you probably have no idea how to manage your finances. After all, it’s not something we’re really taught about at school. And because of that, like all of us you’ll make mistakes, you’ll mess up, and you’ll probably manage your finances poorly. Or at least, most people do.
In this video, I’m going to share the most important financial lessons I wish I knew at 20 years old. As well as some of the major things that helped me become a millionaire at 30, only a decade later. I screwed up, and I didn’t do everything right either; and I’ll be sharing all of that here as well.
0:00 – Introduction
0:50 – Credit card no-no
2:12 – Buying too much stuff
4:33 – You will mess up, so start again
5:20 – Pay with cash, not card
6:01 – Start saving now
6:47 – Buying a house
9:05 – Upskill yourself in valuable, unique ways
13:42 – Fame and riches won’t bring happiness
15:02 – Be real with yourself about what you want
16:50 – Strive for a simple life with minimal expenses
20:43 – Make financial education a priority
21:16 – Outro
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