Scratch that. Nobody is an expert on the facts of life. There are only people with experiences. These people are around long enough to know the difference between what works and what doesn’t. They know how to deal with people and work with the bumps along the way. Most of all, they are self-assured. They know enough to help the lost and young on the questions they had when they were at the same age.
When advice is put into action, it becomes a part of etiquette. Instilling manners into your system does not only benefit yourself. It also helps the community and the society once everyone gets going with the trend. You get to score points with your neighbors at your condo in Nuvali. You live a long life as you fill yourself with confidence and love.
However, a twenty-something may still be unaware of how to accomplish these things. Most of them recently got their diplomas, on their first job or serious relationship. Some of them think they have it all under control when they absolutely have no idea what to do. They face problems head-on and apply solutions that only smack them in the face. Stumbles will always be part of life, but they become fewer as one learns how to face the hurdles.
Experienced Humans: Fifty-Somethings
Below are some bits of advice from experienced humans, in this case, fifty-somethings that will help you through life. These people already spent half their life on Earth. Hence, they don’t mess around when talking about life.
Actively work on identifying what job will make you feel like you don’t work in a 9-to-5 setup. Pursue it with all the energy you can manage. Nothing says demise than daily routine. Clocking in and out at the office, sending and replying to e-mails, and accomplishing the same ad-hoc tasks is a surefire way to kill the spirit. Instead, ignite the passion inside of you. Dance, draw, paint, read, sing, write, or travel if that’s what you wish to do. You can immerse in various pursuits throughout your lifetime. Doing them brings you closer to what works for you.
No one wins or loses in the game of life. It’s the journey that counts. The material wealth you have – cash, automobiles, electronics, and other luxury items – have the same value as the generic ones. A Chanel bag is still a bag. A Bentley is still a car. It all boils down to perspective. Switching to newer and better versions of the former will result in the same way it was before after six months.
Consequently, do not put stuff above people when making priority lists. They are never as important as the people you love. Cherish the memories and time you have with each person in your life. Family and friends are the ones there for you at a time of crisis. Not your iPhone.
Major life decisions are for you to decide. Other people exist to encourage and provide support. They must not be the one running the show. Thus, don’t make decisions to please others. Live for yourself. Remember, there is no one else to support you and your dreams but you.
If you don’t have confidence, fake it. Pretend as if you do. Going through the motions will trick your brain into believing. Eventually, you will gain it, and everything will fall into place.
These five pieces of advice target the self. Change starts within a person the spreads to others once they are sure of themselves. Twenty-somethings are in a period of insecurity due to the unstable footing and lack of knowledge in the world. Having a guide, mentor or someone who is wise beyond their years are the people who give out nuggets of wisdom.
Financially stability is probably every Millenial’s dream. Born in a world of economic meltdowns, fiscal and monetary policy, these individuals often look forward to easing their worries regarding finances.
They start early – they look for jobs and side hustles, build empires and turn their passion into business ventures. Of course, the path to these isn’t easy. It can be a breeze when you know where to start.
To help you get started, here are some hacks to financial stability.
1. Build your emergency fund.
There’s no other solution during difficult times than to establish a sizeable amount of emergency funding. Each day unexpected events happen to each one. What’s worse, the outcomes are unpredictable. Some events result in greatness while others result in depression (not the illness).
These events not only happen to us. They also occur to people close to us – parents, siblings, and children. When these occur, you must be ready to buffer against the hardship. A sudden layoff, sickness, and death entail costs that can eat up your operating expenses. An emergency fund will help you sail through them.
If you’re a regular employee with a monthly salary, it helps to save six months’ worth of expenses. Entrepreneurs, people on commission and those without a fixed income must save a year’s worth for their expenditures.
2. Expand your income base.
It will take you awhile before you reach the ideal amount for an emergency fund if you have a meager paycheck. A minimum wage will only get you so far – utilities, food, other necessities, and the remaining for savings. You won’t have enough for investment which is crucial to make your money grow over time.
Thus, you must get creative and bust some move to gain some moolah. Some people get a side hustle on top of their 9-to-5 job. Others explore their passion until they start making something out of it. There are guides and tutorials on the Internet that can guide you and become your inspiration to grow your money.
3. Explore community services.
Privatization and exclusivity may be convenient and fancy, but it’s highly expensive. An Uber ride to work is double the amount of your daily train fare. Therefore, commuting is highly sustainable compared to other modes of transportation. Exploring the travel route from Trinoma to Vertis North saves you a couple of bills while doing good to the Earth.
The same goes for biking and walking. It doesn’t only decrease your expenses. It also minimizes your carbon footprint. Besides commuting, common areas like public parks, museums, and libraries are sources of culture and entertainment. Most of these establishments offer a small fee (often the entrance fee) to maintain their operation.
TL, DR: You can be part of something without spending a ton of money just because of exclusivity.
4. Set a partition on your utilities.
Scheduling bill payment twice a month between both paychecks is a life hack. It spreads out your money and extends your budget. To do this, include electricity and water bills in the first half of the month. The other half covers the remaining expenses such as cable, Internet and other payables.
You can throw in other expenses such as groceries and household expenses in the mix. You can do grocery shopping twice per cutoff. That way, you can easily track where the bulk of your money goes.
5. Use budgeting apps.
There’s an app for everything. There’s an application for budgeting for sure. Hence, use the power of technology to cultivate lasting financial habits. If budgeting and monay management isn’t your cup of tea, you can rely on apps to balance accounts and compute your expenses for you. All you have to do in input the complete details to arrive at an accurate computation of your payments and net income.
Maintaining a savings account and paying off a loan is easy when you don’t have obligations. Family members can add to the bulk of expenses without contributing to income. Thus, use these tips and hacks to maximize your earnings. Once you have enough, start growing your passive income. Being financially stable is based on a having a fixed passive income.
Photo from Unsplash