I'm in my 30s now. I had to learn about investing and building wealth the hard way.
Nobody really taught me how money works, so most of what I know came from mistakes & experience.
Here are 5 practical money lessons I wish I knew at 25.
No AI research. Just my actual life lessons.
A thread👇🏽
I’ve figured out that investing is actually a habit - one best formed early.
But once it becomes habitual, it’s one of the best habits you can form.
That, alongside exercising (which I’m yet to begin, I won’t lie😩)
The average investor would probably build wealth more easily, buying an NGX 30 or S&P 500 index fund every month than trying to find the next big stock.
Boring works.
Consistency works.
Compounding works.
The trick is staying invested long enough to see it.
@kidmona19 Lol. It happens a lot. You need to ensure you increase your earnings, but at the same time, use apps and tools that ensure you can’t break your savings again.
I'm in my 30s now. I had to learn about investing and building wealth the hard way.
Nobody really taught me how money works, so most of what I know came from mistakes & experience.
Here are 5 practical money lessons I wish I knew at 25.
No AI research. Just my actual life lessons.
A thread👇🏽
I know I don’t have a lot of followers (yet😌), but I’d like to thank and welcome everyone who has followed me here.
My name is Patrick, and I tweet about finance, investments, branding, and communications.
Hopefully, we can learn from each other. Welcome
Investing is for the patient. If you’re looking for quick money, just stay away. At best, you can trade. But wealth building requires patience, consistency, and due diligence
@brightafia Everyone who knows me knows I don’t cook and I order every single meal. Their advise is to get someone to cook for me in bulk, and I store it in the fridge and eat at my own pace. Guess that’s the closest to a third option 🤷🏽♂️
@SirDavidBent Invest consistently, patiently. Also, take risks with a portion of that investment. You never can tell. A portion you can afford to lose.