facebookHello guys, just joined the Seedly Family because i want to learn how to manage my money better while I’m still young. Feel free to drop any advices or tips that can help me be better! - Seedly

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Bal

Bal

Edited 16 Oct 2021

Retirement

Hello guys, just joined the Seedly Family because i want to learn how to manage my money better while I’m still young. Feel free to drop any advices or tips that can help me be better!

I have been doing investments at the start of this year as the first step towards managing my money better. Some of my investments includes crypto, mutual funds, robo advisors and my own investments in the stock market!

Discussion (17)

What are your thoughts?

Welcome Bal! You will learn a lot here for sure. My only say is to always do your own due diligence and don’t just follow the trend. Good luck & all the best.

You may consider reading this book: The Psychology of Money: Timeless lessons on wealth, greed, and happiness.

Most books teach us hard science on investing but not many teach us soft skills.

Warm welcome! Based on what you said you have two great asset (1) you have the awareness and know that you need to learn how to manage money better, and (2) you are young! Lots of good strategies provided by others so do refer to those!

What separates the average versus the elite is, to me, the mindset. You may have the best card on hand, but without the right mindset on money, wealth, and life, you will do what other 99% do.

How do you see money? What does it mean to you? How do you plan to use it for your goals?

Having the right mindset will guide your investment journey. For example what would you do if a stock tanked tomorrow? Will you double down or sell? Etc etc

Good to acknowledge that everbody here has her/his individual investing view, sometimes very different views ...

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