Lesson 1
Never depend on anyone for money. Not even your parents. Actually they won’t give you after a certain point. So spoiler alert. And they will say that in an empathetic way, so you will be thrown out of the bus if you haven’t saved any cash for yourself.
Lesson 2
Save 50% whenever you get cash. There’s a lot to learn (meaning a lot of mistakes to be made) man. This will definitely SAVE YOUR A**. Just don’t listen to anyone. Just save as much as possible. Money always helps.
Lesson 3
Budget & Keep track of your daily expenses. Just a google docs will do perfectly fine. No need for fancy apps.
Lesson 4
This is not a money tip, but this will save you a lot of money, which is, the real fun is in knowing different stuff. So get yourself access to the internet through a normal standard phone, and start feeding your brain information so that you think and come up with new ideas. Don’t get caught up in the fancy land of buying expensive crap and two days later you’re again bored. Like, aren’t you bored of that crap?
Lesson 5
Measure, but dont micro measure. It’s ok if you missed some days of tracking your money. Who gives a sh**? Your money, your way. But don’t overdo it and lose the sense of how money is flowing. Be flexible at the same time be cautious.
Lesson 6
When you’re free, find and select a good bank to bank with. Know about their charges, facilities, competitive features, online banking, etc. I’ll tell you why this is important. Suppose you need a loan. The bank will say “You know what, my man, you need at least 6 months to a one year old customer to get the loan, man!” And you’re like, OMG.
Lesson 7
Learn about ASSETS. Offline assets and Online Assets. It’s a game changer. It’s hard to acquire initially, a lot of knowledge it takes, that demands time, but it’s worth it.
Lesson 8
Debt is not bad if it’s used smartly. Actually it’s a life saver. So just be careful with it. And use it when there’s no other way.
Lesson 9
Buy stuff that makes your life easier for a long period. For example, power banks, smartphones, blender, and so many. Avoid short term buys except you’re crazy about it.
Lesson 10
Feed information to your brain related to finance from finance experts all around the world online on platforms like YouTube, Books, etc. It’s invaluable. It is really!