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Pave Your Way towards Becoming A Rich Adult

They say a building can be only as strong as its foundation, and that couldn’t be truer. It’s all the little details in a story that makes each chapter worth reading and, as humans, our lives are full of chapters galore.

One would like to believe that his actions today might not have that much of an impact on their life a few years from now, but that’s not entirely true. Careful planning and smart thinking can skyrocket one’s growth in the future years, and we’re going to talk about how and why this works.

The decisions you take in your youth might not necessarily make or break your career or successful, but it sure makes a difference to it. A lot of us are conditioned as young adults to choose a certain path that’s “safe” or mold ourselves into being something we might not be. For example, how many doctors today truly wanted to be doctors when they were younger? Or how many engineers became engineers simply because they were told that that’s the safe option to choose?

Learn Early in Your Youth

Your younger years are when you take some of the most crucial decisions in your life, and possibly the most game-changing ones too. So, how do you use this time to make choices that lead you to success? How do your decisions in your youth ensure that you become a rich and thriving adult? There are many books and theories that talk about growth being a process that starts off very early, especially when becoming rich is the goal. Think and Grow Rich is a critical self-help book that discusses how to become rich; and like most life-changing books, reading it at age 20 is better than reading it at age 40.

If you don’t want to read the whole book, you can read this quick blog on the 13 principles of Think and Grow Rich; which shows you how planning and analysis play such an important role in building a future for yourself.

Here’s a list of tips that we think might just be the answer:

1. Think big

When we say think big, we’re also saying thing long term. It’s not just about an exam you’re taking in college or the next semester that you need to think about, and it’s also what your plan of action is going to be when you clear all of that. To think big, you require self-confidence.

Are you confident enough that you’ll clear your current obstacles and be able to tackle bigger ones? If yes, then you’re on the right path. Thinking big not only prepares you for the future but also equips you to plan for it. You can’t begin the planning process when you don’t have the bandwidth to plan in the first place. So, think big, and then move on to the next step.

2. Plan smart

The reason we’re adding the “smart” after the “planning” is that anyone can plan; making a plan isn’t that hard, no matter how simple or complicated it is. However, it takes a lot of thinking and assessing to make a plan that’s smart and actually makes sense, both logically and literally.

A plan that isn’t feasible is just a product of time wasted, while a practical and probable plan can take you that much closer to becoming a successful adult. When you plan smart, a lot of factors come into play: finances, timelines, current situations, availability of resources, your own personal abilities, and so on.

3. Save, save, save some more

We can’t stress enough on how financial planning in your earlier years can significantly change the way you live when you’re older. It’s tempting to throw money on things that make you happy temporarily, but saving at least a portion of your money and multiplying it can come very much in handy when you’re older.

Many entrepreneurs, the money they saved up in college turned out to be the starting point for their careers and business ideas. Whatever your source of income might be, whether it’s an allowance or a part-time job, saving on a monthly basis can really add on to your advantage later on.

4. Hone your skills

No one understands your potential better than you do, and that’s the truth. You know what you’re good at and what you can excel at, and the next step is to hone this skill. Some of us are born to do a certain thing, while the rest of us find our path after a lot of trial and error.

When you’re younger, you have umpteen opportunities to invest in yourself and truly mould your skills into something more valuable and lucrative. We don’t live in a world that is averse to certain talents anymore. Today, no matter what you’re good at, there’s a certain section of the market waiting to welcome you in. So whether you’re a stellar painter or a natural born stockbroker, remember to invest in this skill earlier on in life.

5. Upgrade your knowledge

You’re going to gather information and knowledge throughout your lifetime, and it’s your job to be as open to new ideas as possible. At no point can you say “I’ve learned/understood enough” because that leads to stagnation of thinking at some point. What you need to work on is constantly upgrading your knowledge and your mind, consequently.

Think of your mind as a library that’s continuously building new shelves to accommodate new books and this space you have is only limited by your unwillingness to learn. Someday, even the most minute and insignificant thing you’ve learned can become a key lesson to remember and even help you out of a situation.

Get Started towards becoming a Rich Adult

If you happen to talk to a rich person someday, ask them this “When did you know that you wanted to be rich?”. And if they respond with “Since my younger days,” you can be rest assured that their planning to become rich began around the same time as well.

Becoming rich isn’t just about climbing a ladder; first, it’s about understanding the ladder, next it’s about learning how to climb it. So, what you choose to do with the time you have in your youth translates into how successful you become as an adult!