Recognizing the value of financial literacy, countries like Singapore integrate the basics of money management into their formal education system. This equips students with essential skills like budgeting, the importance of saving and investing early, and responsible borrowing.
In India, unless you study finance, the education system offers limited exposure to money management. This disadvantages those who don’t, leaving them unaware of the power of early investing for wealth creation. It’s crucial to distinguish this from simply saving, which is an important first step, but not enough on its own.
The allure of quick riches through speculative investments can be irresistible for young investors, bombarded with information overload from press, social media, and other sources. Even those who understand that wealth is built through long-term commitment, not short-term bets, are not immune to the temptation of instant gratification. Seeking reliable financial advice and avoiding get-rich-quick schemes can help young investors stay on track towards their financial goals.
Starting your wealth creation journey is possible at any stage of life. While early starters have the advantage of starting with smaller amounts and leveraging the power of time, it’s never too late to begin building your wealth.
Conversely, those who start late, need to save more to reach their goals; but that shouldn't stop anyone from beginning. Time is a powerful ally in wealth creation, and young investors have the advantage of time on their side. The most important thing is to act now!
この記事は Beyond Market の February, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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この記事は Beyond Market の February, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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