2. Live Within Your Means :Keep your standard of living below what your earnings can accommodate. As you advance in your career and gain more experience, your pay should increase.
3. Don't Borrow to Finance a Lifestyle:Borrowed money should be used when your gain will outrun your borrowing costs.
4. Set Short-Term Goals:Life holds many uncertainties, such as an economic crisis or the loss of a job, and much can change between when you are in your 20s and, say, 40 years later when you may retire.
5. Become Financially Literate:Making money is one thing, but saving it and making it grow is another. Financial management and investing are lifelong endeavors.
6. Save What You Can for Retirement:When you're in your 20s, retirement likely seems a lifetime away, and planning for it may be the last thing on your mind. If you can take a few steps now to start saving, compounding will work in your favorur.
7. Don't Leave Money on the Table
8. Take Calculated RiskTaking calculated risks when you are young can be a prudent decision in the long run.
9. Invest in Yourself:Look at yourself as a financial asset. Investing in yourself will pay off in the future.
10. Find the Right BalanceStriking a proper balance between your life today and the future is also important.