fbpx

How to achieve your financial goals at a young age

How to achieve your financial goals at a young age

Loving empowering this young Aussie talent to realise his full potential in property and investing. Sharing knowledge is my passion. Great catch-up @mattcrouch05👊 #propertycoach #propertyinvesting#solvere #takingaction #future #lifestyle#investing

 

We’ve all heard it.  It’s been drilled into us since earning our first fiver in pocket money.

“Save your money!”
“Think of your future!”
“Do you really need that?”

Boring huh?  That doesn’t sound like much fun.

When you’re first starting out, planning for your future is either not on your radar or in the too hard basket.   It feels like the lifestyle you ultimately want is a lifetime away and the steps you need to take are way to complex.  Super!  Good debt!  A Plan!  Wait, what?  Why do we need all that?

But what if I told you that it’s actually really simple?

I’ve been empowering and educating young Australians in schools and with personal property coaching for years to believe in themselves and work towards the goals they want to achieve with brilliant results.  Giving them direction, saving them money and time, helping them take control, start saving, and buying their first homes and investment properties.

Here are my top 5 tips on how to achieve your financial goals at a young age;

It’s really not that hard…

 1:  EARN MONEY

Get off the couch.  Beggers can’t be choosers but find something that you may enjoy and have a passion for.  But if that’s not happening, get a job, start earning money.  You’ve got to start trading time for money unless you’re an entrepreneur that can create the next worldwide app that everyone wants!

2:  ADD VALUE TO YOUR EMPLOYER

Work out how to set yourself apart from everyone else in the workplace.  That’s what puts you into leadership much quicker which in turn earns you more money for the same time worked as everyone else.

3:  SAVE 20% OF WHAT YOUR EARN

Most Australians, and this includes adults of all ages spend everything they earn regardless of what that figure is.  Don’t be that person.  Create good habits from your first job by paying yourself first (putting that away) and by living off the rest.  If you live at home and Mum and Dad are paying for everything, this may be as high as saving 80% of what you earn

4:  CREATE THE BEST TEAM AROUND YOU

That might not be your best friend or Mum and Dad.  For me it was my Uncle that reprogrammed my thinking from an early age to create wealth.  Surround yourselves with those who will lift you up, not drag you down and find specialists in the area that you need help with who have already created success for themselves in that area eg. shares, property investing, business, etc.

5:  TWO EARS, ONE MOUTH

Learn, learn, learn.  And implement.  Don’t think you know it all.  You never will.  Take every piece of information on board and don’t close yourself off to potential pieces of gold that could fast track your career or bank balance.

 

And here’s an extra one because you got through all the heavy stuff…

 

6:  DON’T FORGET TO HAVE FUN

Stay positive, smile lots and enjoy your friends, love what you do – life is meant to be lived!  Always surround yourself with people who bring out the best in you and vice versa.