I believe all our readers are youth and that too either in a late teenage or either in earliest of the twenties.
Most of us don't have any responsibility of taking care of our household expenses, we are solely engaged in our education or maybe internship/job. (If you are someone handling the household expenses of your family, well you are already far better than the rest of us!)
In this article, I will try to show you what lies ahead of you, what could be your Financial Future. A lot of people wonder about 'When should they start investing?' or 'What is the best time to invest?' — A simple answer is NOW!
NOW is the best time to Invest. I go further to say, NOW is the best time to project your Financial Future.
Because it's not just about Investments but it is more about MONEY AS WHOLE.
WHY 'NOW' IS THE BEST?
I'm sure you have heard of this term called FIRST MOVER ADVANTAGE, a widely used term in marketing. It means getting benefited by being the first to the market with some product or service. I haven't gone into the depths of this FIRST MOVER ADVANTAGE thing but yes, I have studied it enough to conclude that it certainly gives the control of the market to the Company that is a First Mover.
So why am I talking about this marketing stuff? Well because I believe that the same thing goes with finance too. But how?
Its implications are slightly different when it comes to finances. Here we don't compete with any person as we do in marketing and all.
Remember the first sentence of this article?
We are in the earliest of our twenties. So young to start the financial journey that we all are having EARLY MOVER ADVANTAGE.
I'm not just talking about doing an investment but I'm talking about money as a whole.
I'm talking about getting the right money habits.
I'm telling you to identify your needs & wants.
I'm asking you to get financially aware.
I'm asking you to take control of your spendings.
WHAT ARE THE ADVANTAGES OF MOVING EARLY IN CONTEXT TO PERSON FINANCE?
1. Controlling rather than just reacting
A company with FIRST MOVER ADVANTAGE has better control over the market share than any other company.
Just like that moving early in your Financial Journey will surely give you control over your finances. Incredible changes happen in your life when you decide to take control of what you do have power over instead of craving control over what you don't.
Because you will be having control over your finances, it will give you the add-on benefit of more flexibility. You will have a choice to experiment with stuff & it could be anything. Be it your Job or Business, developing your hobbies or as simple as doing what you love without having to be much worried about finances.
3. Experience is the Best Teacher
More than anything, it will give you an EXPERIENCE. Experience in the form of right money habits. You will not have to start from the bottom & most importantly your foundation would be stronger & much more sustainable.
Ultimately it will help you to make wiser decisions, isn't it?
We all know how it goes, don't we?
I will not talk much about it but I have already published a blog dedicated to the Eighth Wonder of this World — Compounding.
And again I'm not just talking about Money. Your knowledge & wisdom too would be having compounded benefit.
5. Peace of Mind
Last but not least.
The aggregation of all the above-mentioned advantages is Peace of Mind.
Better control along with much more flexibility coming handily with the experience. Isn't it a sense of satisfaction?
You will face a rough time, we all will, for sure, at some point. So having money-related problems will magnify the trouble, isn't it? All we can do is to prepare for them Mentally as well as Financially.
If someone is physically fit, diseases won't affect that person to a higher extent. That person recovers faster as compared to someone who is unfit.
So let's maintain Financial Fitness too.
And yes, It's easier to get fit when you're young.
Enough from my side, I guess.
What are your thoughts? I can't wait to hear them, drop them in the comments section below.
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