Thread by @elearnmarkets

Educational thread: Investment mistakes you can make in your 20s:

1. Not a having a plan: 20s is the perfect time to start thinking about finances. There are less responsibilities, expenditure and the scope of savings is huge. Now is the time to think long-term.

2. Not knowing what to do with your earnings: In this knowledge-driven world, there is no shortage of data needed for research kn investments. Find out the investment options, the risks associated and make an investment plan.

3. Not diversifying your portfolio: While 20s is the time when you can go all in on risky instruments, one should be rational in investing. Have a mix of investments of different types with different risk levels. Too risky, not risky: both are bad.

4. Swimming in debts: Your 20s shouldn't be the time you are swimming & drowning in debts. Try to be as debt-free as possible. Not only will it save you time, but also open up possibilities for more investments.

5. Not tracking your money: A simple list of the things you spend your money on is the bare minimum you can do. Track your expenses. Know where you are spending unnecessarily. If they are not needed, cut it off. As simple as that.

6. Not taking advantage of your free time to earn more: Having some time to chill? Why not spend it learning a skill? You can trade, freelance, teach, work part-time! The options are endless.

7. Read more: Go through the Elearnmarkets Blog,and pave your way to Financial Literacy!bit.ly/3E7PEq1

@vineetpatawari @vinaypagaria @vivbajaj

#financialliteracy #financialfreedom #finance #financialindependence #money #personalfinance #financialeducation #investing #entrepreneur #financialplanning #business #wealth #debtfree #investment