When you are in your 20s, you are in the best time of your life to take risks.
I don’t mean ones in the dangerous sense, but risks when it comes to your life path, career, and relationships.
Here are some of the risks you should take in your 20s…
There will never be a better time to take advantage of the freedom you have as a young person and start a business of some kind.
Most people in their 20s don’t have many serious responsibilities, if you are living with your parents, you don’t pay rent.
Most kids get their parents to buy them a car, you shouldn’t need to worry about the cost associated with that either.
If you have a job you essentially have a disposable income.
The best thing to do with this income is to use it for entrepreneurial activity.
Start a business, from out of your house. It doesn’t need to be anything complicated or make money right away.
You have all the time in the world to make it work… once you get older and start a family or buying a home + new cars and taking on debt, you’re kind of stuck with whatever your line of work you are in because you have an obligation to support your family and service your debt.
Some people may overcome these burdens and still find success but it’s very hard to juggle everything at once and not get burned out.
Many of the people I know who got married right out of high school are finding out that the person they fell in love with grew into a person they didn’t like anymore.
This is very sad but adulthood and responsibility bring on a lot of changes in a person’s psyche and it shows how they really deal with tough problems.
The coolest person in your high school might’ve grown up to be a sad adult in a dead-end job, while unassuming people really blossomed while moving into adulthood.
It’s important that you get to experience with different kinds of people so you know what you’re looking for in a significant other.
Don’t stick to someone you know wouldn’t survive a real job or couldn’t shoulder any real responsibility because that means when you move in together or get married, you are going to be the one doing all the work.
Find what you like and what you don’t like. Find the strengths to help fill in your weaknesses.
Normally I tell everyone that they need to invest in a good index fund, (with some bonds and foreign indexes for good measure) but it wouldn’t be a bad idea to invest in something crazy like emerging markets or big tech.
If you are young and retirement is decades away, you can totally invest in companies like Tesla or Amazon because the potential for companies like those are sky high and their progress doesn’t seem to be slowing down.
Be warned though, that you should definitely still invest smartly because you don’t want to get into the habit of betting on stocks you only have a “good feeling” about.
Bet on some stocks for fun and cash out, if you lose, don’t worry just focus on being more conservative into your 30s.
At least you’ll have learned your lesson about market speculation.
Right out of high school, nobody really knows what they want out of life so that’s why it’s important to find it out in your 20s.
I personally figured out that I wanted freedom and I knew a college diploma wasn’t going to give me that so I started building different businesses, although they weren’t successful at the beginning, I eventually struck gold and never looked back.
You too can find what you want out of life if you don’t rush it.
And don’t let anyone rush you either. Parents only want the best for you and your peers want you to do what they’re doing but only YOU know what you should have out of life.
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