If you are in early 20’s and landed in your first job? Feeling excited to receive your first pay cheque? Planning to enjoy with your 1st salary? Hold on! Read the eye-opening habits to be developed in your early 20’s to lead a peaceful and secured life in future!
Though you might be financially free in your early 20’s, don’t forget that “Life is 20-40-20 Match” That means you are dependent on your parents for the first 20 years, As you gets job in your 20’s, you need to depend on that income source for the next 40 Years while in your 60’s you can’t work more and have to depend on the 40 year working life income.
Though you accept it or not, your 40 years earning life would be needed for another 20 years(or even more)if you lived more than 80 years.
If you spend lavishly in your 40 year earning life, you would find difficult to survive in your golden years(at 60 years of age).
If you don’t want to live a miserable life in your retirement, start saving money from your first paycheck. Don’t look for excuses, start saving with whatever money you have(Invest small in your initial years)and gradually increase the investment amount along with your age.
As years pass by, Magic of compounding works in favour of you, if you invests early. Do Remember- “The Earlier you start investing, the better would be the results due to compounding”
Famous scientist Albert Einstein once recalls- “Compounding is the 8th wonder of the world. He who understands it,earns it; he who doesn’t pays it”
This shows the importance of compounding when you invests early. Don’t make excuses to start investing; do remember- “The best time to plant a tree was 20 years ago; the next best time is Today! So start investing Today itself!