Quote:
Originally Posted by DTEJD1997
Pman:
When you are young, it is important to get education/training/experience.
At first, when you said you've not graduated, I thought that was an incredibly bad mistake. HOWEVER, the more I think about it, your particular situation MIGHT be an exception?
I think college/university CAN be very important...for a variety of reasons. Unfortunately, it has become INCREDIBLY expensive, so you've just got to be so careful. You've also got to be careful about what you study. Some things, there is just no market demand for. So you wind up spending an incredible amount of money AND wasting your time and energy.
If you aren't going to university, I would get myself into a situation where I am learning a skill and or trade. Could be plumbing, electrical, business, sales, real estate, cooking, something.
I would ALSO commit to going to the library and studying at least 1 solid afternoon per week (or time equivalent).
The other thing that is of ABSOLUTE critical importance, is to grow AND protect your bankroll. Make it grow EVERY month. Make it grow EVEN if you have deliver pizza 2-3 nights a week.
It is easiest to grow your bankroll when you are young. You have more time and energy. You have less obligations. Now is the time for you to put the time in and make the $$$.
Once you've got about 6 months bankroll set aside, then I would suggest that you start investing. Learn more about stocks and valuation. You are going to make a LOT of mistakes, especially at first. That is OK, better to make a mistake for $1,000 in your twenties and learn from it. Get started with a cash trading account. Put money into it EVERY month, even if it is only $200 or $300. After a year of that, start up an IRA. Put money into that IRA every month.
Live on less than what you earn.
Watch & marshal your capital carefully.
I've run business(es) most of my adult life. I've had some success and a lot of difficulties. Looking back, one of my biggest mistakes was rarely having enough liquid capital. THIS IS OF CRITICAL IMPORTANCE. I simply can't stress that enough.
Try different things!
Work hard.
Make money.
Learn, network and make friends.
HAVE FUN!
Good luck!
I agree. My sister went to college and got a degree because the job she wanted and the future she wanted to live required it. For me to be happy and do what I want to do, I do not need a college degree.
I never stop educating myself. I listen to ~1 audiobook a week and was reading physical books until I moved. I love to study and educate myself in topics such as sociology, psychology, philosophy, religion, poker, business, money, etc...I think it is good to always expand your horizons.
I definitely agree with investing and growing your bankroll. I am invested in bitcoin, and when I have a minute / a few more dollars I'm looking to put some into stocks as well.
I'd be curious to hear more about your businesses, what worked and didn't work for you, and any advice you could give.
Cheers
thanks for the support