Friday 10th

QUOTE OF THE DAY

“Before you diagnose yourself with depression or low self-esteem, first make sure that you are not, in fact, just surrounded by assholes.”Sigmund Freud

In simple terms, the people you surround yourself with will have the biggest and most profound impact on you. You can choose your own mood and lifestyle just by choosing who you hang around.

SECURING YOUR FINANCIAL FUTURE

If you want to secure your financial future you have to do it as early as possible, here are a few things you can focus on at an early age:

Developing an Inquisitive mindse

t is a highly beneficial one. An inquisitive mindset means you're curious. Curious about how the world works and how you can improve it. This kind of mindset is a problem-solving one and as you already know, solving problems = wealth.

You have to look at things from the perspective of 'how can they make more money?' or 'how could I improve that business?' Lets say for example you walk into a barbers and get get your hair cut, how can they make more money off each cut? Maybe they could sell their own products at the end. They give a free sample to the customer to get them hooked and then they could make a sale after each haircut. And just like that, you've improved an ordinary business.

This is the way you have to look at things.

The second thing is

you have to get your finances straight

. Even as a young individual not making much money, you have to make it a habit to track your spending and be on top of your finances. Things such as getting a credit card are only going to benefit you in the future with no extra cost or loss to you.

Speaking of finances,

setting up long-term investments is important

. You can open an ISA or a ROTH IRA (depending on where you're located) at any age and start contributing minimum but consistent amounts to them for your future self. We would suggest however to research more into this yourself and make your own decisions!

Finally to secure your financial future

you have to take risks!

At a young age, you have the very best asset on your side, that being time and time gives you the opportunity to take risks. Nothing spectacular will come from staying inside your comfort zone, if you want to grow in any capacity you have to take risks and bet on yourself.

Here you're just essentially increasing your luck

, increasing the chances of something incredible happening.

ACTIONABLE NEXT STEPS:

Do the things you can control now, developing a mindset takes time so get your finances sorted, look into other factors such as opening a credit card & setting up long term investments.

TAKEAWAYS:

The earlier you start implementing these and taking action the bigger of a reward you will produce.

BOOK OF THE WEEK ⤵️

The book of the week is 'The way of the superior man'. A book that describes the aspirations of men and explains what they are wired for. A practical guidebook for living a masculine life of integrity, authenticity, and freedom. You can check it out

HERE

CONTENT CREATOR OF THE WEEK ⤵️

The creator of the week is Quam, he makes content focused on his entrepreneurial journey. Growing his wealth, improving his health and evolving this mindset. Definitely, a creator to follow, you can check him out HERE

LESSON OF THE DAY ⤵️

The best investment you can make is in yourself.