Financial ideas from 40... to 20. ✨

Financial ideas from the age of 40...To the 20-year-old who's building...

On the day I looked back at my 20s, there were so many things I wanted to walk over my shoulder and say,

💥 "Do this, and life at 40 will thank you very much."

So today we summarize five valuable lessons that money can't buy (but it takes administration money) for all of you. 👇🏻

⏰ 1. "Time" is the most enormous handicap.

At the age of 20, we may have little money, but we have a lot of "time."

Compound Interest will work best when it has a long enough time.

Starting to save just 1,000 baht a month at the age of 20 gives a different result. Starting to save 5,000 baht a month at the age of 35 is huge.

📍 Don't wait to get rich before you start, because what you will regret most is not money, but "irretrievable time."

🤑 2. Don't spend money "showing off" people we don't like.

Social society makes us feel that we have to have trendy items, have to go to a cafe every week, or have to use a brand name to look good in other people's eyes.

I want to say that life at 40 is cool... not in the things we hold, but in the "peace of mind 💗," that we have enough reserves to choose to reject jobs we don't like, or have money to take care of our parents in times of illness. Out of the body breaks easily, but a solid financial foundation that will stay with us forever.

📚 3. Invest in the "ability to raise money."

At an early age, don't just be obsessed with finding stocks that go up 100% alone, but invest in "yourself" first.

🤯 learning new skills, practicing language, practicing job presentations or anything that makes us pay higher because increasing revenue from 20,000 to 50,000 baht per month is much faster than winning a small portfolio in the early days.

💸 4. There is "reserve," there is "freedom."

Life doesn't always go smoothly... there's a computer crash, a sudden illness, or a mental resignation.

Having an emergency reserve of at least six months of expenses will give you "decision-making power."

You will not be forced to endure a bad situation just because you have no money to eat. This money is not only savings, but a fee of freedom. 💃

⚠️ 5. The greatest financial mistake is "not taking out insurance."

Many people see insurance as empty expenses, but I've seen a lot.

The man who created himself almost died, the last life savings fleeting with a single medical bill.

Taking out health insurance from days when the body is healthy and the allowance is still cheap is to "limit the risk" of not letting our dreams collapse just because of a disease.

💡 After 40, it's important to have fun in your 20s, but don't end your life in your 20s. Give yourself kindness in your 40s by laying a good financial foundation from today. You'll know how sweet "true freedom" is. ⭐

# 100 million young # Finance # Start collecting money # Student Finance Edition # Investment