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Episode 393 - 7 Money tips I wish I knew in my 20's by Nischa Shah
Manage episode 481145862 series 3661101
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Based on her experiences in finance and personal development, the speaker presents seven money tips aimed at young adults in their 20s and 30s. She advises against excessive saving early on, suggesting instead that this period is crucial for investing in oneself through unique skills and knowledge to increase earning potential. The importance of sharing knowledge and not operating from a scarcity mindset is highlighted, along with the strategy of converting active income streams into passive ones. Spotting and capitalising on rising trends or "rising tides" is identified as a key to achieving first-mover advantage in business and finance. Finally, the speaker strongly encourages opening a tax-advantaged investment account early to learn the process of investing and recommends using index funds as a diversified and less risky way to enter the stock market for long-term growth through compounding.
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Nischa
YouTube Channel
401 episodes
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