I’m 20, what should I be focusing my income on?

[lovebug3]

@blair89 Herewith my simple thoughts.
Good you blew that money when you were young.
You will be really careful now. It's better than blowing loads of money when you are old.
You need to save if you can 10% of your money every month. 20% if you can. Would be better. Into a 32 day account.

If you can do this you will never be short of money.
Live and enjoy the remaining 80%
You need to earn money, save money and spend money.

 

[blair89]

@lovebug3 I’ve definitely learnt my lesson haha thank you for the advice!!

 

[lovebug3]

@blair89 My son sold his car I bought him. He was 19. Sold for 30k. He kept the money. Was gone in a month.
I told him in front of a friend that it exploded in his pocket. We laughed.
But oh boy is he careful with his money now .
He is still generous, not selfish.
Don't ever be selfish.
Good luck man

 

[lonleftwingforjc]

@blair89 You are 20. Beer and sound for your car.

 

[blair89]

@lonleftwingforjc I’m more of a vodka girlie and I can’t imagine ever putting a stereo in my car to make it shake when I listen to Taylor Swift, but I’ll keep it in mind

 

[lonleftwingforjc]

@blair89 My answer was slightly tongue in cheek, and it is great to have a savings mindset at your age, but you are young and you need to enjoy your youth.

 

[snugz]

@blair89 As a 20 year old myself I now realise that my peers out there are really making moves. Wow bro God really does his stuff huh? My advice to you is use whatever opportunity you have at your disposal and better your life. Find a mentor that might steer you in the right direction. HAVE FUN! Take care of yourself buddy. Appreciate whatever it is you have.

 

[blair89]

@snugz I completely get you with seeing peers making big money moves!! I was literally talking to one guy in my lecture today and he’s literally investing in JSE… and I’m out here putting R100 into a savings account every month the mentor tip is solid, thank you!!

 

[amenyahweh]

@blair89 You should take that money to the casino and double it!