Your personal finance

A few pieces of advice to the youth

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One challenge the youth face today is that they hardly know how to direct their energy towards areas that will help them build a prosperous life later. Often times than note, the youth are left in tears when they look back and realise how much time they have wasted over the years. Unfortunately, time is one important non-renewable resource. While you can lose out on oil in Lake Malawi and probably find alternative sources of energy in Lake Chilwa, you will never ever find an alternative to time.

So, a few pieces of advice should be in order to my fellow youth. First, learn the hardest skills. In life, it’s really tempting to take easier options. Instead, I would urge you to always go for the skills that most people find hard to learn. Such skills, especially if you are passionate about them, will serve you well the rest of your life as you become one of the few to offer it on the job or business market. Relatedly, If you have discovered something you enjoy and you are actually good at, do it a lot. Almost always, there’s a way to make money from a highly developed skill. It’s especially nice if there’s an obvious career path from it, but don’t let that limit you. Even better, if you can find a way to turn that thing you do into a side business, you might be setting yourself up for a very successful and sustainable financial path.

Take a leadership position. Join an organisation and make an effort to be involved with it. Eventually, take a leadership position in it. Why? Learning how to manage people and make choices that affect others is another skill that will serve you throughout your life—and if you learn how to do it well, it will make you a lot of money.

Lastly, there is no such thing as a free lunch. If someone is offering you something for free, there’s usually something they’re getting out of it in return. A free t-shirt is probably an advertisement. The better you are at spotting why things are being given away for free (or for really cheap), the smarter you’ll be about buying things and the less you will spend in the process.

All the best as you seriously consider this advice. Have a blessed week-end, fellow youths!

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