Experts always urge the youth to start saving early, but most young working adults argue that it’s hard to save and enjoy life with what they earn.
Is this true? If you are a youth, do you subscribe to this belief? I was once a youth and found this to be baseless. It is a matter of :
Setting Expectations
Setting Goals
Deciding on a long term benefit than short term pleasure
Having an Action Plan
Perhaps nobody pointed out ot the youth that setting savings as priority does not mean starving yourself of life's pleasures or having to be a hermit and staying home all the times enjoying bread every meal.
Are you a Billionaire?
From my experiences speaking to youth, those who subscribe to the belief that it is hard to save and enjoy life, they spend on average more than half of their income on entertainment, clothes, etc. collectively. If we were to dissect the expenses, we will find that we could easily make-do without more than half of the "doodads" as Robert Kiyosaki would call them.
Of course there is no right or wrong. Every individual has freedom of choice. It is the individual and his/her future family that will have to live with the consequences of those choices.
I am pleased to say that due to my
Setting Expectations
Setting Goals
Deciding on a long term benefit than short term pleasure
Having an Action Plan
I was never deprieved of life's pleasures but I did save and no waste my money on unnecessary expenses. All these have contributed to my ability to have the Greatest Wedding one can have + self-fund my own property. The most valuable reward I gained is the Discipline & Wisdom gained from doing the above.
Youth of today, think about it. Time and Youth is something that once is past is history. It can never be regained or found again.
Have the wisdom and focus. Have the right peers (friends). Know why you save. The Best Time is NOW
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