first 5 years most important time of your life to save and invest your money!

[letsdiscuss]

Hi all,
I made a video explaining the importance of saving and investing your money the first 5 years of your working career.

This is something that children or young adults should learn in school!
I believe this is one of the most important things they should know.

I would love your opinion guys

Ps:if you know anyone between the age of 16 and 20 share him the video. It might change how they will spend there money.

(Sry for the bad english)

"The first 5 years is the most important time to save and invest your money" is the name of the video on youtube. letsdiscuss is the channel


Any tips are always welcome.

Have a nice day.

[cougs4bcs]

please don't spam the forums with your clickbait. i'm not searching your video and I suggest others skip it as well.

[97guns]

it is important to save all the time but saving hard in my first 4 years of working really springboarded my net worth to where it stands today, it was also during the dot com era and i did really good with company stock.

[letsdiscuss]

you might call it click bait. i have never done this befor.
but i would like to spread this message.
I see alot of people struggle to get a house becaus they did not act correctly at the start of there career.

So i am trying to spread the message to people that are interested in knowing this.
Everybody knows a young adult who is just spending there money on the wrong things whene they start earning and they dont know how bad they are hurting themselfs whene they do that. So if they do know they might change there spending.

At a point they will have to rent becaus they did not save up and then its hard for them to ever get a house. Unless they pay alot to the bank for a loan.. I explain this in the video.
If you save 40 000 euro (44 000 dollar) in the first 5 years you will have 155 000 euro (170 000 dollar) more at the end of your career then the guy who did not.

And that is done in the first 5 years.

[letsdiscuss]

thats great man! i am 29 and i have a house that is being paid off by my renters.

I bought a house that was burned down and fixed it up myself. I rent half of my house.
Now i also was able to get a better loan this year so now i have to pay 600 euro a month for my loan and i get 650 euro rent.

So i earn 50 euro a month from my house. While most of my friends atleast pay 1000 euro a month for there house. Thats a differents of 12600 euro a year. In 10 years thats 126 000 euro.

Now i can save up and buy my second house in a few years.

All becaus i saved up my money early and invested it well.

You never know how your country will be in 30 to 40 years. Look at greece.

[97guns]

thats great man! i am 29 and i have a house that is being paid off by my renters.

I bought a house that was burned down and fixed it up myself. I rent half of my house.
Now i also was able to get a better loan this year so now i have to pay 600 euro a month for my loan and i get 650 euro rent.

So i earn 50 euro a month from my house. While most of my friends atleast pay 1000 euro a month for there house. Thats a differents of 12600 euro a year. In 10 years thats 126 000 euro.

Now i can save up and buy my second house in a few years.

All becaus i saved up my money early and invested it well.

You never know how your country will be in 30 to 40 years. Look at greece.

hey if nobody else does, i like your style