Everyone has their own fair share of regrets. We often regret not trying new things, letting an opportunity pass, or not trying harder enough to accomplish our goals. If you are still in your 20s, then you are very lucky. You still have so many years and experiences ahead of you. You can still learn where you can best invest your resources so you won’t end up regretting it as much.
There is no doubt that adulting is hard. But there are things you can learn from other older adults that will make you want to avoid doing certain things that can only ruin your future. If you want to make the most out of your 20s, these are but a few investments that you can consider.
Buy Your First Home
Are you currently in a position where you can afford to buy your first house? Maybe you also don’t mind settling down in a single location for the next five years? Then a house is a good investment to make in your 20s.
The earlier you buy a house, the faster and more equity you can build in no time. Imagine not having to pay any mortgages in your 50s. Aside from these, you can save money on rent and actually invest our hard-earned cash on something that can help you build wealth in the future.
Once you have your own home, you can enjoy more privacy, decorate it as you want, and even get yourself one of those OCHO massage chairs you’ve been dreaming about from day one. After a hard day at work, you can go straight to your own home, enjoy a cup of coffee while relaxing on your front porch. You don’t have to be like other young adults who are still restricted by their landlord’s rules and are still dreaming about securing a home purchase.
Take More Career Risks or Start a Business
Many people waste their time by choosing to stay in jobs they are already comfortable doing. If you want to accomplish more, earn more, and save more for your retirement, you need to step up and actually take more career risks or even build your own business.
Most young adults stay in their nine-to-five job just to pay the bills. Others are in for the experience and are using the experience to learn the tricks of the trade before building their own empire. Be the latter and you will be able to build your wealth and live a more fulfilling life.
Start Investing
You might say you always hear this advice. But the question is, did you even take time to study where and how to invest? Did you even heed such advice and have started diversifying your portfolio?
The earlier you decide to start investing, the earlier you are likely to achieve your investing goals. With the numerous resources available, some being free ones, there is no reason not to take advantage of these and start investing.
If you lose in an investment, take it as a learning lesson and try harder the next time around. Note that this increases your chances of building a more satisfying retirement than by simply relying on what amount you get to save after each paycheck. Investing early along with responsible spending is a great way to better prepare yourself for the future.
Paying for Online Courses
Upgrading your skills offer numerous benefits. One, you can learn new things, earn new skills, and use this to your advantage to step up in your career. You can also get that sense of satisfaction every time you complete a course, boost your likability and adaptability, and even keep your mind healthy and engaged.
There are free courses available out there. But these only scratch the surface of what you can learn with the right paid courses. For best results, do your research, read course reviews, and invest and finish courses you feel will add more value to your goals.
You might be tempted to use your money on experiences like traveling instead of buying paid courses. You, too, need to unwind every now and then. But when you add skills to your bank and obsess about your purpose, you are buying a ticket to your freedom which allows you to fund more travels in the future.
Indulge in Self-care
Young adults often find themselves sleeping in especially during the weekends or whenever their day off is. But did you know sleeping in does more harm than good? This won’t help you catch up on some precious sleep and will only increase your risk of heart disease, stroke, and even diabetes.
What you can do instead is to plan your days ahead so you can better care for yourself. Many young adults are suffering from mental health issues. The earlier you start valuing your health, happiness, and wellness, the stronger and happier you will be.
Being a young adult is not a valid reason not to be kind to your body. As early as now, you can already choose to make the right investments so that your future self won’t suffer. You will soon learn enough how satisfying it can be to be able to invest early, buy your first house, boost your skills, take more risks, and take better care of yourself.
