The years where you want to live your life and explore the world are actually your most critical years when it comes to determining what your older days will look like.
What society tells you once you're out of school is to fly with your own wings, live in the present ,travel the world, live in the present!
But what if this advice actually had irrecoverable repercussions on your older days?
It is important to enjoy every minute of your life but you always have to keep your future in mind as well. I have often said that the decisions you make today will have a domino effect on your life later on.
You have probably heard of the Butterfly Effect before? How a butterfly flapping its wings in Brazil leads to a hurricane in Texas. It simply means that small changes to the initial parameters will lead to something completely different in a few years.
The period from 20 to 35 years old is absolutely crucial to achieving your financial goals. Starting to save and to invest past this period will put you in a position where you simply won’t have the time necessary to make up the ground.
You will often hear that in investing, time is your friend. The earlier you start, the better off you’ll be. Time is more important than any strategy you’ll adopt. The reason being compound interest. The more time you give an investment to fructify, the bigger the amount of money you’ll have in the end.
All of that comes with knowledge. It is the most important thing in today’s world. That’s how you differentiate yourself nowadays and that’s how you gain an edge over other people. People that won’t choose self-education and growth will simply be left behind.
Start today! Learn about money and develop new skills.