This Is Not Financial Advice

Money is a topic a lot of people have a hard time talking about. In some instances, it is seen as more of a taboo topic than religion or politics. This is probably happening due to a lack of financial literacy and confidence, which are subjects that a lot of young adults struggle with. It may seem very intimidating to jump into learning about money when our financial world is upside down at the moment. Whether it’s the crazy stock market or the fear of inflation, there is always something new to keep up with and it can feel very draining. However stressful it may appear it be, it is paramount that young people ingratiate themselves into the world of money for the betterment of themselves and the general economy. A fantastic way to start is by investing. When people hear the word investing they often think of stocks or real estate. Those are both extremely viable asset classes. A slight issue however is that younger people lack significant capital to make a big splash in the markets, unless you are willing to gamble it on more speculative options. This often deters people from investing in general which is completely understandable but that does not mean you can’t put your money to good use. Investing in yourself is one of the smartest and effective things you can do with your money while you are young. Understanding that in order to make good money you must first have good skills is a message that we should all live by if we want to succeed financially. Coming to a school like BCIT is a perfect example of investing in yourself by equipping yourself for a complex workforce. It does not have to end with traditional schooling, as there are a plethora of online courses and mentorships available that teach you employable, high income skills. Loading yourself up with the knowledge and skills to succeed will then give you the confidence to then invest in assets like stocks or real estate.

Michelle Henderson – Unsplash

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