You are never too young to make money. Money is an instrument that can make your life easy. There are millions of posts out there to teach you how to make money?
However, in this post, we are talking about the 10 reasons that will motivate you to make money at an early age. Most people believe that having a lot of money is the root of all problems. However, the opposite is true.
Money can’t buy happiness, but it can buy the products that make you happy.
Money is needed for almost every possible product and service. Thus, it’s necessary to earn money. So, let’s discuss the 10 Reasons one by one.
Who are the readers?
This article is for those who are in their 20s and 30s. In this age, people spend their time in colleges and never learn new things. However, you should learn to make money at an early age.
You can bear high risks to make money
Earning money can be a risky task especially if you want to run a business firm or want to make an investment. At young ages, you don’t need to afraid of losing because you have your parents for support.
Thus, you can make money through business and investment in equity funds. See, big work always involves huge risks.
Also, Read 5 sources of income that will make you rich.
In addition, huge risks have huge rewards. Therefore, you should start an investment as soon as possible that involves huge risks.
However, before you jump directly on the high risks investment. Start from small and less risky investment then gradually increase the amount and level of the risk.
Here, I have recommended a book that will teach you every principle of investment.
Recommended book: The intelligent investor.
Your expenses are low
At a young age, your expense is generally low. You don’t have many requirements. Moreover, no one marries at an early age, which reduces your family responsibility and expenses.
Therefore, you could save a lot of money and use it to make more. It’s huge benefit to you. Moreover, you should live below your means. Always try to satisfy your needs first. Following are some more ways to cut off your expenses:
- Don’t eat out daily
- Don’t buy fancy clothes
- Say no to bad habits (e.g. Cigarettes, alcohol)
- Don’t buy luxuries watches
- Say no to clubbing
- Avoid unwanted subscriptions
Make money to become financially independent
If you’ll start earning money at an early age you can become financially independent in your 30s.
However, you need to work for 14 to 18 hours a day. See, it’s good to start from a simple job but it’s better to start your own business.
The money you’ll earn from a job can be used to start your business because it is the only way that can make you financially free in your 30s.
Also Read: Your goals must be in your mind on the lips.
The business will pay while you sleep, whereas your job needs active work. I know it’s not easy for a newbie to start a low investment business because you need to have knowledge.
However, don’t worry I have found a book that will help you in starting a low investment business and expand is gradual.
Check out this book: Financial Freedom: A Proven Path to All the Money You Will Ever Need
To live a comfortable life
Money can make your life comfortable. Many things are out there to make your life smooth and comfortable. However, almost everything of them needs money in your pocket.
If you’ll start making money at an early age then you can create a lot of wealth before marriage.
Just imagine how you would feel to have a lot of money and a comfortable life. See, your life is not limited only to you but your parents are also involved in it.
You have more time to make money
As you know, pollution is increasing day by day. Increased pollution has decreased human’s life. In simple words, we have a short life. However, if you’ll start earning at an early age you’ll get more time to enjoy your life.
See, time is the most valuable thing in the world. You shouldn’t waste it because it’s non-recurring in nature. Use your time wisely and learn to manage it properly.
Recommended book: Getting things done: the art of stress-free productivity
Rest is important as well you should sleep 6 hours a day to maintain the balance in your body. Your brain and body need rest after working like hell.
Money is not that important than a good relationship. However, most of the things are brought from money. You should give importance to it as well.
However, don’t be greedy for money, you should focus on your work. Money is the by-product. Try to solve people’s problems, create something innovative and so on.
Nevertheless, you should start making money at an early age in your life. It would help you a lot in the future.
5 Reasons you should make money at an early age
You are never too young to make money. Money is an instrument that can make your life easy. There are millions of posts out there to teach you how to make