Investments & Loans

If you are in your 20s what are some of the important things to think about with your money? How can you help create wealth? and grow your money? Here are some of my own suggestions, and if anyone has any other ideas or suggestions please leave it in the comments..

# Study

Theoretically you have more spare time in your 20s than in your 30s, 40s and 50s (lets hope we are all sitting on a beach somewhere in our 60s..) And, if you use your time to increase your knowledge you will increase you personal wealth.

Every qualification you add to your skill set increases you market value and earning capacity.

# Invest your money in a business

Some of the richest young people are young business owners. Buy a pub. Buy a tow truck. Whatever.

# Invest with mates

Do not listen to your dad when he tells you never to do business with family or friends. Investing with friends or family is the best way to get a start in wealth creation. Get your other poor mates together and buy a unit.

# Take risks

Your 20s are an excellent time to take some educated risks. As I mentioned above, you will generally not have as many responsibilties in your 20s as later in life. And you will generally not have alot of debt, so your disposable income might be relatively higher.

# Be creative

Do not let the negativity of older people disuade you from trying something different. Be creative, use your imagination and follow your ideas. You may just have some great ones!

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