5 Best Financial Decisions I Made in my Early 20s

In your early 20s, money isn’t your most valuable asset.

Time, energy, and mindset are.

Here are the 5 best financial decisions you can make in your 20s to craft a better future 🧵👇

#1  Pay off student loans asap

Having a loan delays your journey of financial independence.

It restricts you from:

• taking potential risks.

• leaving the job you hate because you’re bound with EMIs, and

• traveling and enjoying your life.

#2  Start traveling in college

Traveling while young will help you:

• be responsible for your actions,

• embrace freedom, and

• learn to plan your finances.

You’ll also learn how to research the best flight, train, and hotel deals.

This will help you enjoy the world without ruining your finances.

Who knows, this habit might turn into wanderlust one day.

#3 Budget for all expenses you anticipate.

It'll help you:

• identify & cut out meaningless expenditures.

• understand what costs the least & makes you happiest.

• create a strict spending limit.

Instill habits that will stay with you even as your income rises.

#4  Explore side income sources

The internet is filled with amazing possibilities.

Explore side hustles while you’re in college.

They might not immediately make you money, but over time, they can transform your life. 

More here:

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As the world’s getting more digital, writing is getting more powerful 🔥

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#5  Save for a big goal

Make a habit ofInvest in recurring small deposits for:

• buying a new gadget,

• going on a long trip, or

• gifting luxuries to yourself.

This will bring discipline to your spending habits.

Making these financial decisions in your 20s will make your life much easier.

You’ll be able to:

• afford guilt-free vacations,

• spend on luxuries, and

• enrich your life with fulfilling experiences.

5 best financial decisions to make in your 20s to craft a better future. TL;DR:

#1  Pay off student loans

#2  Travel while in college

#3  Live on a budget

#4  Start a side-hustle

#5  Save for a big goal