Ways To Prepare For Financial Independence.

1. Get a Job
2. Budget
3. Track Expenses
4. Treat Saving like Expenses
5. Don't get in Debt
6. Invest
7. Start a Business
8. Educate and Invest in Yourself.

Keep reading...

1. Get a job

Even if you don’t want to get a job, you definitely need a reliable source of income as a youth.

It’s the first pivotal step towards financial independence.

You need to start saving money now. The best way to do that is to get a job, so what are you doing? Go get one already.

2. Budget

Alright, you got your job now and hopefully you’re rolling in the dough.

It’s probably tempting to go and blow all of your money on a fancy new phone, shoes or clothes �

But don’t. Please don’t. Don’t make the same foolish mistakes that all the other people make.

Budgeting is a great way to control your spending. It’s essential that you try to create a plan for your spending and that you try to stick to it as much as you can.

Budgeting will be the foundation of your financial life, so get used to it now.


3. Track Expenses

Going along with budgeting, it’s also important that you track your expenses.

Not only will this help you in budgeting but it will also help you get an idea of how much you’re spending on unnecessary expenses.

Whenever you can, it’s always a good idea to cut back on your spending and try to save more.

Tracking your expenses shows you important data that you can use to help your financial situation.

4. Treat Saving like Expenses

I don’t know if you’ve ever heard of this before, but this was a game changer for me.

When you are planning out your budget you need to treat saving like an expense.

Most people spend their money and then save what is left over. But what is usually leftover? $0.

They are left with no money to save or invest. This is a huge mistake. What you should do is pretend like saving is one of your fixed expenses.

Treat it like a tax. As soon as you get your paycheck, immediately put money in savings.

Then, whatever you have left over is the money that you have to spend.

5. Don't Get in Debt

Debt will cripple your financial situation if you let it.

The funny thing about debt is that there is absolutely no need for it.

With smart saving and decision making you could avoid debt your entire life.

It’s silly to pay hundreds of naira a month toward student loans, car payments and credit card debt when you could be saving that money instead.

6. Invest

It’s time to start investing. There are dozens of investments that you could make and really, you should try to make as many as you can.

Investing experts always recommend a diversified portfolio. Why? Because when something bad happens to one of your investments the other ones will still be there.

What should you invest in as a youth? Well, lots of things.

But I’d recommend investing in yourself by learning a high income skills, digital skills Why? Because retirement is 40-50 years away!

When you invest, you have to keep a long-term mindset.

7. Start a business

Another great way to improve your financial situation is to start a business.

Even if your income starts out small any amount could make a major difference.

If you only make a couple of hundred bucks a month from your business you could choose to save or invest that money.

If you need help with business ideas, access this https:///Joshuadeyeye

That will help you make money while you sleep as a students, corper, sit at home mom, 9-5 etc with low Investment.

8. Educate and Invest in yourself

Perhaps one of the best things you can do at a young age to achieve financial independence is to educate and invest in yourself.

What I mean by this is taking the time to learn more about personal finance and investing in tools that may help you achieve it.

Keep educating and investing in yourself and you’ll be hitting financial independence in no time.

Find this valuable, let's connect to gain more stuff.

Your Friend!
Joshua Adeyeye ❤️

Don't let winning make you soft.

Don't let losing make you quite.

Don't let your teammates down in any situation.

Life changes so quickly that in a second so many things can happen.

It is in these flickering moments that you suffer, you endure, you rejoice, and you mourn.

It is these moments that will make your memories last a lifetime.

Good Morning!
#TGIF ❤️

Humans errors consist of omission "What you fail to do" and commission "Doing what you are not supposed to do".

You will render account of what you do and what you fail to do to God at last.

The biggest risk to your happiness is the comfort zone. No dey play �

Whatever talents you have, you must make sure you do not fritter them away.

You must cultivate them and use them to the optimum, not only for yourself but also for others.

God gives gift and talents to all his children as He wishes.

Your life is that one talent with all it's endorsements. You are given one life to live, invest it profitably.

Matthew 25:1-30.

KYLIAN MBAPPE did his homework excellencly �

MESSI the super ���