1. Earning: Never depend on a single income. That’s risky. Take steps to create a second source of cash. These days, procuring a side hustle is extremely common. If there’s something you love doing, such as photography or web design, create a side business. That way, you can get paid for doing something you enjoy.
2. Spending: If you buy things that you don’t need, you’ll soon be left with a precariously low bank account and a pile of material items that aren’t necessary. Think carefully about each purchase you make, and be responsible with your money.
3. Saving: Instead of saving what you have left after spending, spend what you have left after saving. Essentially, transfer money to your savings account as soon as you get paid. This way, you won’t be tempted to spend money that should really go into your savings account.
4. Taking risks: High risk can mean high reward, but don’t dive in without thinking things through very carefully and creating a backup plan.
5. Investing: Don’t put all your eggs in one basket. Invest in multiple places, and learn as much as you can about the stock market.
6. Honesty: You should always be honest, but you should be skeptical of the intentions of other people. Unfortunately, not everyone abides by the phrase, “honest is the best policy”.
7. The past: It’s more important to move forward than to look back. The past is the past, and you can’t change it. You can only change what you do and how you act moving forward.
8. Mistakes: Mistakes will happen, but that’s how we learn and grow. Minimize your mistakes by doing plenty of research, being patient, and talking to knowledgeable experts.
