Life is just about the accumulation of learning from here and there and the experiences a person can get in between all this. Every decade in a person’s life comes with a bundle of experiences and learning that is unmatched by what a person learns by the end of the decade. However, the 20s and 30s are considered the most crucial time in the life of a person owing to the fact that this is the time when a person is most productive as well as most involved in various developments which shape their life for the later. That is why many individuals share the thought and desire of knowing things earlier in their life so that they could end up at some other place later. These 9 Million Dollar Lessons for Your 20s will help you to shape your career and avoid things you shouldn’t do.
9 Million Dollar Lessons for Your 20s
In this article, I will talk about 9 Million Dollar Lessons for Your 20s which should be known to people in their 20s and 30s so that they can be ahead of others due to their experience with others and not spend the later time of their lives in regret of not knowing many things they should’ve known.
Be Radical and Revolutionary – Take Risks
Thinking out of the box and innovatively is probably the most common phenomenon and least encouraged among systems and organizations. The beauty of the 20s and 30s in the life of a person is that they can take risks as they have both time and energy to recover in case they go through any losses. So, be radical and revolutionary and face the thunder with your heart and soul at stake. Take enormous career risks in order to discover your true ability. You have plenty of time to study and experiment.
Also Read: Job vs Startup: What to Choose and When?
Confirm Atleast one Source of Income
The twenties are all about studying, learning, and advancing one’s career. You must choose your professional objective before you can begin working on it. Finding your own area of interest in career development is one of the most significant things you can do right now. Whether it’s a business, a job, tuition, or anything else that gives you income, if you’re in your twenties, start working on it right now. Read more about in my another blog: Passive Income Business Ideas 2022
Start Saving a Percentage of Your Income
Never forget to pay yourself first when you receive money. You should set aside at least 20% of your salary for savings. Another 50% (maximum) should be allocated to requirements, while 30% should be spent on optional products. The 50/30/20 rule of thumb can help you quickly and easily create a budget for your finances. Later on this will help you on buying a new car (preferably paying cash for it), upgrading your appliances, making significant home repairs, or putting a down payment on a property.
Enhance your financial understanding
Never stop learning about money and the personal financial sector. Learn everything you can about mortgages, personal loans, credit cards, compound interest, and other financial topics. In-depth information can assist you in making wise financial decisions when you are young, which will eventually pay you as you mature. Your twenties are an exciting time to explore everything that life has to offer. However, you must also use these years to manage your funds and develop solid financial habits that you will keep with you for the rest of your life.
Follow your Dreams
When the idea is about being radical and revolutionary, it can only be when a person has dreams. But that does not mean following without thought. Dreams also need the required check of reality in order to make sure they materialize the right way with the right course of action. Thus, dream, research, plan and take action with a determined approach.
Build Your Network
None of us is complete in ourselves and always requires the help or assistance of others who can guide us in areas that are beyond our expertise or basic understanding. This is possible when you build your network. Building a network is a charmer for your long-term career prospects, as your public image is going to take you a long way. Thus, visit places, connect with people, make friends and thus, build your network.
Polish Your Skills
While we focus on the academic part of our education, we somewhere forget the importance of extra skills. These skills are instrumental in differentiating us while trying for a job as well as later when we gain experience in our career. For this, do your research on your preferred area of work and complete the necessary certification and short-term courses or diplomas and update yourself to make yourself future ready.
Learn, Learn, Learn!
On the road to success, failure is a hidden aspect that no one talks about. There is nothing wrong with failing. The wrong part is not to learn from that failure. Learn from your failure, work on yourself, create your guidelines of dos and donts, which will guide you forever, and keep updating them.
When you include discipline into your personality, your capacity for concentration on your objectives increases. You can keep pushing yourself over your own limitations if you are diligent. Self-discipline, as opposed to self-motivation and willpower, is a virtue. Discipline enables you to maintain concentrate on your objectives in the face of external distractions and inconveniences.
One of the key methods to acquiring wisdom is learning through the experiences of others. That is why the advice of elders is most valued and considered a treasure in a world where everyone struggles for guidance. Through these few points, we hope to have connected you to a few ideas that would govern the development of your 20s and 30s. It would certainly teach you what not to do and even give ideas of a few things that you can do.