Be Young and Wealthy Simultaneously
Qualities to Become Wealthy
What kinds of qualities do you need to have to become a wealthy person? Part of it is having the right luck and experience to get a good job. That alone is a great accomplishment. But the rest is simply practising good habits. For example, you should start living off of 80% of your income and saving or investing the rest. Get a CD that you can put money into but not withdraw. You’ll be able to see your nest egg grow without having the temptation to spend it on casual pursuits.
Your High-Paying Job
One way to get wealthy at a young age is to set yourself up for a high-paying job. Some industries pay higher, so set goals that can get you there. For example, you can plan to start a business, be in the computer industry, or become an inventor for a Research and Design team. Get the most experience and knowledge you can while in college. Do tons of internships, be a part of a relevant club, and get good grades. That means you’ll get a higher-paying job right after graduation.
Invest and Save
It won’t matter how much your job pays if you can’t invest or save any of your money! I’ve heard so many stories of celebrities who made it big really quick, then went bankrupt in 5 years because they went crazy on spending. Let them be an example to you so you don’t have to learn that the hard way. You can save money by putting it in various bank accounts. I have one bank account for my savings in a different bank than my short-term savings and checking account. It’s very “out-of-sight, out-of-mind” for me.