Life lessons for 20 something

-

  1. Work part time whilst studying. Not just for the money, but also for the precious skills. Because in working life, you won'the get promoted just because you complete cases well, but because of who you know, because of your people management skills, etc. Where to work? Work for someone who will invest in your development. Work in a place where you can gain skills that allows you to move up the career ladder. Work in a place where someone is willing to mentor you - to develop you, personally. Work in a place where you can gain a proper graduate placement once you obtain your qualification.
  2. Save your money. The cost of living once you graduated will be high. Think in terms of cost of purchasing a house, cost of wedding and (sooner than you will realise) cost of family (wife, parents and child, and later, children's education cost).
  3. Invest in shares. And reinvest the dividends.
  4. If you have a bit more money, invest in property. Buy an investment property that will pay its own mortgage. Buy a house close to university, rent out to students room by room with facilities  (bills paid, including internet). Buy a 1 or 2 bedroom close to the city (the offices) apartment that has low body corporate fees, rent it out to young professionals. Buy a house in a suburb that is close to the suburb that has gone up in price (the next one to go - due to the ripple effect).
  5. Get a cadetship, an internship and a graduate job. In some companies or organizations, ex cadets, ex interns and ex graduates who have passed the test to become full time employees  are not allowed to be retrenched. And they also are placed on fast track management path.
  6. Some cadets are offered tuition fees (university fees) paid, try to score those.
  7. Get good marks. Get into the Dean's list. This will put you ahead - distinguishing you from many other applicants.
  8. Have good professional relationships with your tutors, lecturers, assistant professors and professors. Their recommendations and their abilities to give you a job opportunity after graduation is priceless.
  9. Learn life skills. If you were sheltered when you were in school, learn to develop life skills, social skills, communication skills, people management skills, self management skills, project management skills, time management skills and any other skills. Learn hot to plan and to enact your plan, in order to get what you want. These skills are the ones that will propel you up in life and in your climbing up the corporate ladder.
  10. Make good friends as many as possible. They will become your life long friends.
  11. Have fun.
  12. Learn.

©™ Kaizen Money Smartt

Spend a few minutes filling online surveys, minute online tasks and earn lotsa of $$$
Sign up for FREE by clicking below:
Vindale

Swagbucks

Rewards Central

Earn cash backs and shopping a bargain by signing up for FREE:
Brands Exclusive

OZ Sale

Cash rewards






For cushier income: 
Invest in solid cryptocurrency through Binance
Binance has low fees
Binance provides chance for Australians to invest in a wide array of good cryptocurrencies (the next revolution) with very low fees.

For currency trading use IG: 

Comments

Post a Comment

Please leave a comment below

Popular posts from this blog

How to stick to your budget

-
Image
1. Know exactly all of your expenses . List all of your expenses - write all of them down to the specific and exact details. Know exactly the following detail about your expenses: i). What are they? Gas bill, electricity bill, water bill,  hot water bill, food or grocery bill, home phone & internet bill,  mobile phone bill, private health insurance bill, public transport tickets, fuel costs, car insurance bill, home insurance bills (building & content insurance, or renter's insurance), rent or mortgage payment, council rates, body corporate rates, socialising and  entertainment expenses, etc. ii). Know when are they due, to the exact date or if not possible, to the exact period. For example, I know exactly that my mobile phone will be due on every 25th of the month, my private health insurance will be due on exactly every 1st of the month. For my annual home insurance bill, annual car registration cost and annual landlord's insurance bills, I know th
Read more

How to really save money?

-
I am a very good money manager. I save a very high amount of my salary consistently every payday. I was saving 75% of my income consistently in the last three years. I have zero debt. I paid everything, including car, with cash - no loans. I aimed to be able to afford a house with cash, too. I am not a weirdo frugal. I wear reasonably nice clothes, shoes and accessories (bags, watch and jewellery). I go out and enjoy nice dinners occasionally. And no, I am not a high income earner. I earn $70,000 gross per year. And no, I don't earn any bonuses at all. And no, I don't get anything (money, gifts, presents, bribes, or anything alike) from anyone, at all. People always come up to me and literally complained, "why can you have that?" "how do you  afford that?" "how do you have enough money?" "you must have a rich boyfriend!" All sort of negativities. I always say "save, have zero debt and pay cash for everything." May b
Read more

How I saved $130,000 in less than three years with under average salary

-
Image
I consistently save 75% of my income year after year. And , I have accumulated more than $130 , 000 on less than average income in three years. How did I do it? I use my budget planner (download for free here ) to achieve it. How does using my budget planner achieve constantly 75% saving of income every year. In my free budget planner , I have listed almost all possible expenses. This tells you about your expenses, so that you know (really know know ) your expenses - what are they, how much are they, and when are they due. Once I knew all of my expenses (what are they & how much are they & when are they due) , I knew what are necessary expenses and unnecessary expenses. Then, I was able to eliminate all of my unnecessary expenses, and to reduce my necessary expense to its core. This makes my financial to be lean. What is a necessary expense and what is an unnecessary expense? I asked myself, what is a necessary expense? What makes
Read more