A QUIP WAY TO BECOME A SUCESSFUL EARNER AS A TEEN

A QUIPP WAY TO BECOME A SUCESSFUL EARNER AS A TEEN

HERE ARE SOME TIPS

1.YOU SAVE AT LEAST  A DIME FOR EVERY MONEY YOU RECEIVE.

in the industrial age,the ticket for success was to find a secure job for life, you were told not to worry about your financial education because the company that employs you and the government of your country would take care of you financially once your working days were over. But frankly speaking, do you notice that the rules have changed? You can no longer rely on your employer or your government to take care of you! They cannot afford it whatever you are getting from them now is temporal. Therefore in this information age,you need the knowledge of effective management and investment of whatever you will be getting from your job and government.

2.YOU MUST NEVER BE CARELESS WITH YOUR INVESTMENT.

Entering personal information,like bank or credit card number online is risky because someone could steal it, and rob you of your fortune.

3.THE SOONER YOU SAVE, THE FASTER YOUR MONEY CAN GROW FROM COMPOUND INTEREST.

the best time for you to start saving for future asset is now that you are in secondary or college and institution. Discuss this plan with your parent and councilor. They can help you prevent the mistakes they have made.

4.IDENTIFY THE DIFFERENCE BETWEEN INCOME, CAPITAL, EXPENSES, LIABILITY, AND ASSETS.

have five different savings account or five investment portfolio for the above mentioned so that it will be easier for you to develop your own financial statements and have a balanced life. I believe in all countries teens are eligible to own a bank account. For every penny that comes to you, intelligently portion that will go into your INCOME, CAPITAL, EXPENSES, LIABILITY AND ASSETS account or investment portfolio.

THANKS

Your comment