Irrespective of where you live, learn about investing. I find that if I were to advise my twenty-something-year old self now that I am in my mid-thirties, this would be it–along with not starting a family too early.
So what is investing? Investing is simply the changing of capital stock over a period of time. For example, it could be the process of changing $100 to $500 over a period of two years. The poignant idea about investing is that like planting seeds that grow to become trees, investing is the same with capital over a period of time.
Now, as simple as I try to make this subject, investing isn’t a walk in the park. It’s an art that is tricky as they come, always needing a lot of expertise-and never settling in its body of knowledge.
While I urge you to pursue a career in investing because of its prospects of lifting you into wealth if you have a great investment strategy, not everyone will learn to make billions from it. In fact, the likelihood of losing your money will be largely determined by the investment knowledge you have. If you accept to take this path, learning how to grow money will be your number one critical success factor.
The place to start learning for me was Warren Buffet’s letters to Berkshire Hathaway shareholders and I would recommend same for you. Irrespective of whether you invest in bonds, treasury bills, commodities, bit coins, start ups or stocks of public companies, the principles are typically the same-grow your money, don’t lose it.
I wish you the best.