“Planning is bringing the future into the present so that you can do something about it now.” –  Alan Lakein

A while back I did a post on ways to ruin your financial future in your 20s. Many people enjoyed that and learned a lot. I have now decided to do one on how to help your financial future. 

There have been many times where adults 2 or 3 times my age have heard me speak and have wished they had heard those things when they were my age. Thanks to social media, thousands of people have been able to use this blog to learn and educate themselves. 

Anyways, these 4 things will help you now and/or in your future as you aim to build long-lasting wealth.

Build Your Credit

Not too long ago I did an entire post on why your credit is important. If you haven’t checked that post out, you definitely should! 

Many millennials and folks that are older believe in only using cash. Unfortunately, our world does not move on solely cash. If you want to buy a house, car, or even get a cell phone plan, your credit score (for the most part) determines whether you are worthy of these things.

Many individuals who have children or are having to work every day are regretting not building credit because now they cannot invest the way that they would like – they have no credit history.

Cash is great, but unless you have millions in cash, you building wealth will take an extremely long time unless you are building the newest app or creating the best service. If you expect to live life to the fullest, learn how to build credit.

People with poor money management skills are afraid of debt. The rich on the other hand embrace debt and credit. Listen to what these billionaires have to say about debt! 

Learn After College

Just because you graduated from college or university with your $50,000 sheet of paper, that doesn’t mean the learning and education stop.

As a matter of fact, if you didn’t go to either university or college, you have less foolishness to drain out from your way of thinking.

If you ask a group of people what books they read, many of them will say none, or they’ll be slick and say their school textbooks.

If you have any ambition to start a business, learn a trade, or just develop yourself, you cannot depend solely on what you are taught in school. The school of the real world trumps any other sort of learning. Your older self will definitely thank your current self for developing itself. 

Don’t Have A Child Early

This may be a no-brainer, but I have seen plenty of mothers who look like they just touched their 20s getting on the bus with their baby in a stroller (most with no father their either). 

The fact of the matter is that babies are an investment – an investment that you need to pay into daily. If you do not have the money to invest in regular investments daily, why would you have a child?

Once you have a child, if you are a responsible parent, you will be working to support that child. You are losing already. What you DON’T want to do is work to support a child. You want to support your child but work because you feel like it. What happens if you get fired and you have no savings or investments? You just ruined that child’s life.

Now if you refrain from having a child and you use your 20s to invest and build heavily, when you do decide to have a child, you won’t be putting your child in a bad situation. You shouldn’t have to ask your child for money to pay your bills. That is embarrassing. 

Your parents may have been able to do that when they were young but this is a new generation. You aren’t going to find a high paying job in a day. You are not going to be able to support that child. You will not be able to live life to the fullest. You will only SURVIVE. Don’t just survive, please?

Don’t Be So Fast To Quit Your Job

This is something that is hard to deal with when you are an entrepreneur. When you are a true entrepreneur, it is hard to listen to anyone telling you to do anything. You will hate your job and you will dread every day of work. It won’t matter how much you are making there. If it is not your own business, you will dislike it.

This is normal. But understand (which I am now) that by having a good paying job, you have extra capital to put towards your business and investments! Banks will loan you more money and credit cards when you have a guaranteed income coming in.

Building wealth becomes a little easier when you have a job that can either facilitate the movement of your investment or business or pays the bills while you do your other endeavours. 

Put that ego away and grind it out. Make a descriptive map and plan of how you will achieve your wealth. Ensure that you use your job as an asset. Selling your time for money is hell. But it is way more hell to do it until 65 compared to 30. 

These 4 tips will help you speed up your wealth building if you are willing to sacrifice and plan ahead. Becoming wealthy really isn’t that hard. As I continue to succeed in my investments, I am learning that due to how I planned and studied outside of school since high school, what is happening today isn’t a surprise, it was planned and just a consequence of my preparation.

Don’t give up. If you want it, you can achieve it. 

Until next time,

Live Long and Prosperous.


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