Configure your mind early
One of the biggest challenges for young adults is to manage their finances effectively. As soon as they start earning money, they feel the pressure to meet certain expectations and keep up with their peers, which often leads to poor spending habits.
One of those things that makes a young man so happy he's their friend, which is why their friend can easily influence them. As a young man, it is more likely you do 50% of the things your friends are doing, decision-making the way you think, how you spend money, and what you are supposed to spend money on.
Why things are always like this because they lack experience, most young men are impulsive, and they can't even think for themselves. Those that want to make good financial decisions find it difficult because of some of these reasons.
Configure it
It is always easy for a young person to configure his young mind into what they want, and that is why, are our mentor and the kind of information we are assimilating., Our upbringing matters when we are young to shape our understanding and our goals.
Managing finances can be challenging as our emotions often play a significant role. It is crucial to develop the ability to make sound financial decisions by setting up effective financial planning, such as savings and we can do this by configuring ourselves at a young age by seeking financial knowledge.
Starting financial education early is crucial, and it's best to begin as soon as possible. it can be challenging to put emotions aside and strictly follow what we learn, it's essential to utilize the knowledge we acquire. taking the initiative to learn and apply financial education can have a positive impact on our lives especially when we are young and we easily follow the rule.
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I think one of the best thing a person can do for themselves is work hard for their money. When people make money illegally, it's going to be difficult for them to value that money. This is why people who work hard for their money do not make friends with impulsive people. At the end of the day, it's only us who can do the best for us.
Yeah, psychologically proved and it's very effective. At least when you pay the price of commitment, you will be conscious it how to maintain it.
Exactly, when you work hard for your money you will know the value and it only us who can do the best for ourself👍
You're right. Thanks for sharing
Thank you brother, this is so erected among young mind of this day's. Why? Yahoo! 🙁 Frauding
Guess, bro Jose give a template to this already. There are two factors that help to focus in finances (1) when you have seen the reality of life and (2) when you really pay a price for what you're enjoying. To be so frank 😊, if possible you still see some traces of Financial immaturity then you tell the person "you dey play".
If the source of the money is genuinely worked for, tell the person he/she needs more commitment, discover his core value, evaluate the value
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Thinking for oneself and not going with what people are doing is important to learn as a young adult. It easy to follow what our peers are doing but oftentimes this may not be what is needed for us. At some point, we have to learn to forge out own path and be our own man/woman.
Leaning and doing what is best for us is always important above anything else
I agree that it's better for people to start early. After all, things like compound interest works better with time and I think the problem is that the education system doesn't teach people financial education as a part of the system.
Starting early prepare us better for the future and we need better educational system
Exactly, when you work hard for your money you will know the value and it only us who can do the best for ourself👍
Thank you very much. I believe these financial disciplines can consciously be inculcated in young minds by experienced parents before they learn the lesson too late