In this episode of Financial Habits and Tips we go over a few different hobbies you can make money with when in your 20's, Self Education and finally; Investments, such as a Roth IRA. Investments to make in your 20's. 1 Hey guys and welcome to another episode of Financial Tips, brought to you by Young Investors!
Today we will speak about a few of the Investments you can make in your 20's!
2 First things first, before telling you about all the possible career paths you can follow as a young entrepreneur i want to
address one of the most undervalued methods of investing in our day and age; Self Investing, what do i mean by that?
Investing in your future through education!
3 Whether you choose to go after an academic degree or educate yourself through
online courses, it can prove to be one of the most defining choices of your life!
A course you decide to take tomorrow could be the turning point that will define the next 10 years of your life!
Now lets talk about how can you turn a passion or hobby, into a career!
4 How can you make money doing something you already love doing?!
Do you have a hobby or passion that you are good at or enjoy doing?
Take that passion and look to make something productive out of it!
Whether its a passion for talking to people or taking really pretty photos, it can make you money!
All it will take is planning, commitment and a passion for what you are doing!
5 Now lets take a look at some career paths you could follow, depending on your hobby/passion.
So lets say you are a Charismatic person with a passion for speaking and motivating? You could be a Content Creator,
for social media platforms like Youtube/Facebook/Instagram. Creating engaging and motivating videos and getting paid for it!
All it takes is some basic video editing skills and a video editing software. Both easy to acquire and master!
6 Lets say you are more of a tech savvy person and you lean more towards anything IT related, then get started learning programming languages
such as Python, Java, C++. Programming is one of the most high paying skills you can have in this day and age.
It takes some time to master but you dont necessarily have to take an academic course for it!
Most programmers these days are self taught! Whether you choose to design games, apps or websites; you will be
sought after by plenty of companies for your skills!
7 What if languages is your strong point? Writing blogs or articles for either online sites or newspapers,
literature, translating or copywriting are all highly paid skills that you can develop and offer even as a freelancer.
7.2 Do you have an eye for great shots and a passion for photography? You can always work as a freelance photographer
either in weddings or even selling your photos online!
8 An excelent place where you can use and sell all these skills, could be Fiverr.com. Where it acts as a social platform
for freelancers giving you access to 1000's of services and freelancers to help you with your business or
even for you to promote your business.
9 Until now we have mentioned investments that you can make in yourself using a hobby or skill that you can monetise.
Now lets see what investments you can make by using your money
10 Learning more about the online financial market will keep you up to date with the events and opportunities that are taking place all around the world
providing you with the chance to jump into pending opportunities instantly.
This is a great way to improve your financial knowledge as well as to potentially make some profits out of it.
11 Finally, one of the greatest ways to invest your money for your future is to get a Roth IRA account.
Roth IRA is an individual account that offers tax-free withdrawals from your retirement.
which allows you to invest your post tax money. and all the profits that you will make from this account will remain tax-free.
12 This is something that you should jump in to as young as possible since your are not making as much money and you dont pay as much in taxes as later on in life.
Roth IRA provides you with the possibility to create compound interest, which means that the money that you are placing on the side,
is growing due to the interest rate on a yearly basis, creating a snowball effect. Isnt that a great gift for your future self?
13 To learn about what investments you can make in your 30's, keep an eye out for our next episode of Financial Tips!
Thanks for watching and dont forget to like and subscribe!
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