Kick-starting a financial responsibility and investing journey
Nathan Jeeves | September 22nd, 2022
Introduction
Now more than ever, people can explore new topics and ideas on demand in the age of social connectivity apps, the world wide web, and entertainment medium such as YouTube, which have potential to be boundless educational devices in the lives of current generation.
Currently , however unfortunate, many do not fully utilise this great happenstance of the world they live in unfortunately, and especially so with topics such as investing and financial education, as many view the resources/material available as too advanced or too complicated, or financial investments recommended as too risky for them as beginners: leading to many young people believing that financial education is something they should pay attention to when they become adults and need not worry about topics such as these until then.
However, there are many activities that can be greatly beneficial to teens of the world which benefit their financial responsibility and education, not involving confusing advanced stock analysis or requiring them to be over the age of 18 - so let’s discuss some of these tips, basic steps and activities which promote investing and financial responsibility.
Learning skills from those around you
Many teens view investing as only something to do with stocks, bonds, Fortune 500 companies, and commodities such as oil and gold, and not as often as simply sacrificing one scarce resource in their life for a future benefit or advantage. In other words, less so investing in oneself than the S&P500. Investing in yourself doesn’t have to mean practicing abstract personal development exercises simply. In this type, if you learn to improve your ability to be more forgiving or you start making room for ‘more you time’, personal development can also be practiced to the same ends as more conventional financial investing.
One example of this could be simply learning skills from those closest to you, this could be learning the basics skills of a family member’s occupation-things such as servicing vehicles, learning photography, repairing watches- or general skills that are bound to help you earn some extra money in school breaks or on the weekends- things such as gardening, car washing, cleaning. Explore what interests you but also try new things, as this can not only benefit you financially in your teens but also provide clues and a gauge on what interests you as a possible career path down the line, especially in the case of internships, for which there is no shortage of on offer for teens.
Investing in yourself today and reaping the financial, as well as experience and personal growth, rewards are indeed worth it.