Weekly Video Finance news summary (2 mins)Jul
16
2007
Ten top tips for your 20s (pt.3/5)
Author: nobelfinance- Stay at home If it’s at all possible (and pleasurable), consider staying at home with the parents. You won’t be alone — heaps of 20-somethings make the financial decision to stay home and get some savings together.
- Try to do a lot with a little When you’re in your first job and earning what seems like peanuts, it can be hard to get excited about investing. Don’t you need to be rich for that? In fact, you need less than you think to get some wealth creation strategies underway. “If you have some money saved, what you do with it depends on when and how you want to use it,” says Walker. “If the goal is short-term, invest it in cash, but if it’s a longer term, a managed fund or even direct shares might be an option. Whatever the case, look at the opportunities out there. If nothing else, you’ll learn from your experiences (positive or negative).”
