Making the best investments in 20s will guide your life. One day you will wake to realise you are no longer in your 20s.
Make the best investments in 20s!
One day you will wake to realize you are no longer in your 20s; your goals are adjusted, your mind reformed, your life taking the shape of the actions and habits you practiced continuously. Life is ever on the move; this is one proof you have to be on the move as well. Leveling up to trends, broadening your mindset, accepting challenges, failing and trying again.
Life is not how far but how well.
So how well can you maximize your 20s? How much can you get out of your 20s?
A successful millionaire said your 20s is the time to explore, the time to start and fail and start again, the time to take risks- start a business, build a product. If you fail, there’s enough time to learn and start again. If you win, congratulations.
Your 20s is the best time to channel all your youthful energy into something tangible that will last you your lifetime. The best time to start is early. Maximize your 20’s, it only comes once.
I have as always, carefully put together the 7 best investments to make as a woman in your 20s. Don’t just read and move on. Read and imbibe. Read and implement.
Our main progress comes from our actions.
1. INVEST IN A SELLABLE SKILL.
This is one fundamental of success. A skill.
My best differentiation between a job and a skill is- a skill can go anywhere you go but a job can’t.
Have heard this elsewhere? I’m here to remind you. Go get yourself a sellable skill woman.
IMPORTANT GUIDES TO CONSIDER BEFORE SELECTING A SKILL.
- What problem is the skill solving?
- Is there money in the problem; are people willing to pay you for solving that problem?
- Is the problem scalable; are there a large number of people that are affected by that problem and are willing to pay you for that problem?
You want to make sure your skill is solving a valid problem that people are willing to pay you for. You also want to make sure the solution your skill is providing is in high demand. You want to make sure the skill you are investigating would still be relevant in time. Answering these questions accurately will help you make the right decision in choosing the skill to invest in.
Your skill is your ticket to success.
List of sellable skills to start investing in today.
KNOW HOW TO SELL YOUR SKILL.
After attaining skill, the next step is to know how to sell that skill to people, businesses, organizations that need the solution you provide.
I believe that the number one predictor of the success of an entrepreneur is his or her ability to sell. I’m not talking just about the ability to sell a product, which is very important. But I’m also talking about the ability to sell a vision, a team, yourself, and potential partners and deals.
One of the most important ability an entrepreneur can learn is the ability to convince another to buy what they are selling without irritating them.
SIMPLE STEPS TO IMPROVING YOUR SELLING SKILL.
- Have a pleasing personality.
- Identify your real prospects ( people you need your skill)
- Know the in-depth details of what you are selling.
- Check that your prospect has the financial capability to afford your skill.
- Be persuasive.
2. INVEST IN FINANCIAL EDUCATION.
As a woman, you need to know the language of money to be able to speak the language of money.
What you know is what guides your decisions and actions. The knowledge you know will save you in the day of trouble.What do you know about budgeting, investing, accounting? Etc. How can you mitigate financial risk? How do you know if a stock is worth investing in on not? How can you make your money work for you?
According to Rich Dad, to see money and see where it was flowing, you need financial intelligence. His definition of financial intelligence is as follows: It’s not how much money you make, but instead how much money you keep, how hard it works for you, and how many generations you keep it for. It’s never too early for financial intelligence, it is a best investment to make in your 20s as a woman.
The reality is that if you have high financial intelligence, you can see where money is flowing, be there before others are, and reap the benefits of that money by acquiring assets that grow in value and provide cash flow, and then use that money to then go acquire more assets where more money is flowing. The work is in seeing, then money works for you.
You need to know the numbers.
“Upon their return to China, Jack wrote Son an email turning down the $40 million investment. Instead, he offered to take in $20million for 30%. Jack later explained why he turned down the larger amount: “Why would I need to take so much money? I did not know how to use it, and there would definitely be problems.” Alibaba, the house that Jack Ma built.
You need money knowledge to handle money, acquire financial intelligence so your ignorance is not used against you. The knowledge you have about money, the more money you can deal with.
3 SIMPLE FINANCIAL TRICKS YOU CAN START NOW.
- Save in to multiply the savings,
- Retain by maximizing costs,
- Multiply by investment and production.
Financial intelligence starts with financial education and grows from there.
3. INVEST IN YOUR NETWORK.
One currency you must have in life is relationships.
How many valuable people are in your corner? Life is run on relationships with diverse people, from different races, tribes, nationalities. etc. You must know how to build and maintain relationships with people. Invest in your network. The help from a relationship you have with someone can save you years of toil.
The best to start is in your 20s.
Networking isabout establishing, building, and nurturing long-term, mutually beneficial relationships with the people you meet. Networking is an important best investment to make in 20s.
Experts agree that the most connected people are often the most successful.
When you invest in your relationships; professional and personal it can pay you back throughout your life. Networking is crucial because it will help you develop and improve your skillset, stay on top of the latest trends in your industry, keep a pulse on the job market, meet prospective mentors, partners, and clients, and gain access to the necessary resources that will foster your career and business development.
Remember iron sharpens iron; the more knowledge people rub off on you, the sharper you become.
HOW TO IMPROVE YOUR NETWORKING SKILL.
- Practice improving communication habits.
- Attend networking events.
- Speak in public gatherings.
- Practice active listening.
- Have a positive attitude.
- Join women networks.
- Know something.
4. INVEST IN YOUR IDEAS.
You have a great idea? Great; DO SOMETHING! – Strive Masiyiwa.
People always respond positively to a young entrepreneur who is trying to help themselves first then one who has done nothing, even if they have good ideas.
Strive Masiyiwa wrote; “I can just imagine that I’m on a plane one day, and I start thinking about the airline business. Next, I have a fantastic idea; something so simple that could make billions of dollars.
What should I do? Should I call the chairman of British Airways: “Sir, I have an idea, I want you to sign an NDA first, even before we talk. I want us to be partners” I would be laughed at completely!
Ideas? I get hundreds a day, and so should you. It’s about ideas that you can turn into innovations that become products, products that you can secure investment for: that is what matters!”
Fresh ideas will come to you in your 20s. What are doing about your ideas? When you invest in your ideas, you have on of the best investments in 20s as a woman.
HOW TO START INVESTING IN YOUR IDEAS.
- Summary: Simplify your idea into a clear and precise form.
- Explain the purpose of your idea and the problem you think it solves.
- Identify your target audience: Who is the product/service for? Who will buy it?
- Execution: Explain how you will get this done. What do you need? What are the specifics of how you will go about bringing this idea from dream to reality? Are you pitching this to investors for money? Do you need volunteers? Partners?
- Enforce timeline: What do the first 30 days, 90 days or 12 months look like? What are the next actions? Let’s say you put this thing into motion tomorrow. What’s the timeline for the first milestone? And what is that first milestone?
5. INVEST IN YOUR MENTAL HEALTH.
Every great thing starts from the mind.
When the state of your mental health is unstable it affects your daily activities and in the long run your productivity. Your 20s is the period you begin to ask yourself pertinent questions about life.
What I am here for? What exactly am I doing with my life? How do I succeed? What do I need to do to excel? Now I am done with school, what next?
Your 20’s to an extent is a delicate phase of your life, because you could get overpowered by life uncertainties and confusion. Especially in situations, it feels like you are not making any progress compared to your peers. Investing in your mental health is another best investment to make in 20s as a woman- don’t overlook it.
In your 20’s you must learn to build tough skin.
You need tough skin to survive in business, career, and life in general. You need tough skin to remain encouraged and not easily discouraged. You need a tough skin to continue even when hands point to failure. You need tough skin to succeed.
EMPOWERING YOURSELF WITH THE RIGHT MENTAL ATTITUDE.
A positive Mental Attitude is the right mental attitude. What is the right mental attitude? It is most often comprised of the “plus” characteristics symbolized by such words as faith, integrity, hope, optimism, courage, initiative, generosity, tolerance, tact, kindliness, and good common sense. A person with a positive mental attitude aims for high goals and constantly strives to achieve them.
Success is achieved and maintained by those who try and keep on trying with Positive Mental Attitude. Imagine Positive. Think Positively. Speak positively. Do positively.
6. INVEST IN QUALIFIED COACHES.
If you want to go far in good time get a mentor.
The primary benefit of a coach or mentor is to guide you, preventing you from making the mistakes they encountered. It is pertinent to invest in qualified coaches because this will save you time and energy.
A mentor is a person with specialized knowledge whom you may enlist to educate and motivate you, either in your personal life, your career or both.
REASONS WHY YOU SHOULD INVEST IN QUALIFIED COACHES OR MENTORS
1. They provide you with a new perspective.
2. Mentors help you clarify and set SMART goals
3. Mentors offer invaluable tacit knowledge and guidance.
4. Mentors raise your confidence and problem-solving abilities
5. Mentors help you create firm boundaries.
6. Mentors kick-start your professional development
7. Mentors give constructive criticism
8. Mentors offer words of encouragement
9. Mentors expand your network and open up doors to new opportunities
10. Mentors raise your confidence and problem-solving abilities
7. INVEST IN YOUR CAREER.
Are you a career-driven woman?
Do you love the idea of a 9-5 or do you simply just love your job?
Then you must invest in your career; to invest properly in your career, you must know yourself extremely well. Knowing yourself requires you to understand the factors that positively inspire you to achieve something substantive and relevant – with passion – every day.
In today’s global market, you can no longer afford to wait for your employers to invest in your professional growth and development. You must know yourself and your career ambitions well enough to recognize the necessary career investments you must make and determine your wisest career investment path.
What do you believe are the most important areas for your career investment? What areas have you already invested in and what were the outcomes? What areas are you currently focusing on now?
STEPS TO INVEST IN YOUR CAREER.
1. Get certifications relevant to your career.
2. Get higher education if the need be.
3. Experience. Experience. Experience.
4. Become a professional at what you do.
5. Mingle with other professionals in your field.
Don’t wait around and watch life happen to you. Don’t be like those you wait around believing “what will be, will be”. Make things be, work unreservedly then things will be.
You are as much as you can see woman.
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