Much more than common cents.
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With the right disciplines and responsibility guarding your wealth and future earning potential, earning, saving, and successfully investing your money can become one of life's simple pleasures and accomplishments. If you are lucky enough to be reading this, being successful with money matters is within your grasp.
Reducing or eliminating financial dependency on your parents and guardians is one of the keys towards creating your own independence. There are many ways to earn an income, such as employment, self employment, business ownership/management, and profitable investing. Finding the way you are most competent and comfortable with then bringing it to fruition is the first step towards money fun.
Typically, this step is taken between the ages of 16 and 28.
Saving money is a discipline that comes naturally to few. Most of us struggle to learn how to put some earnings aside to meet longer-term goals. The key, however, is to create a system that keeps you accountable and saving as part of your earning routine. A dollar saved is a dollar earned!
The savings security step becomes important between the ages of 22 and 44.
Once you earn money at a rate that is more than your costs of survival, then you can invest your extra working capital to earn additional income. Investing is a great way to make extra money.
This step will challenge your money related knowledge as well as your patience. After you master the displine of making more money than you spend, this step will be on your horizon.
This step typically is taken anytime between the ages of 28 and 64.
When you are comfortable and confident with being able to make your money work for you, you will find yourself in a position where you no longer have to "go-to-work" to survive. Instead, you now can work for the sheer joy of it. This could be helping your children or grandchildren get started, or it could include volunteer work and mentoring.
This step is rarely achieved. If you stay healthy and live a long life, you are more likely to experience this luxury of life and work.
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