Young Upstarts

All about entrepreneurship, intrapreneurship, ideas, innovation, and small business.

5 Reasons To Make Big Investments In Your 20s

Everyone has dreams. Dreams are easy. They don’t cost money, time, or application. The truth is, simply wanting something to happen isn’t going to make it so. However, that doesn’t stop many people from procrastinating doing what they really want in favor of managing the “little things” in their lives. The problem is, after a while the little responsibilities begin to add up; and a dream you may have once had as a teenager is all but unattainable by the time you turn thirty. That’s why it’s essential that you swing for the fences while you’re in your twenties – because you won’t have the same capital potential, free time, or even energy later on in life.

Still not convinced? Then here are five reasons you should take a risk or two while you’re young:

All Experiences are Good Experiences.

It might sound silly at first, but really there’s no such thing as a “bad experience,” when you’re still young and learning your place in the world. After all, the only way you can gain valuable business knowledge is to live through good and bad times yourself. So even if things go poorly, at first –– don’t fret. No one succeeds the first time they try something. Rather, it takes many attempts and plenty of blunders along the way before most people find true success.

Making Valuable Connections.

Nobody ever achieved a dream all by themselves. Instead, if you’re serious about attaining a lifelong goal, you’ll need to establish friends and business relations who can help you along the way. And the only way to do that is to take the occasional risk. For instance: moving to a new city might be a frightening prospect at first – and it will certainly be rife with challenges – but at the same time it offers you an opportunity to meet new people. In addition, you’ll be able to develop yourself as a person. Staying in the same place you’ve always been won’t help you grow.

Seize Big Opportunities

Sometimes, people have to wait their entire lives before they get a chance to showcase their talent and business nous. Alternatively, a glorious financial opportunity may present itself to you at a very young age. So it’s imperative that you don’t hesitate when you discover an opportunity to make a big splash – even if you’re younger than most. The good news is, if you’re just starting out with a small business, there are plenty of financing options available to you to help you secure necessary funding. Whether you explore a traditional loan or a business cash advance, know that some big projects are worth drawing on extra capital to complete. You won’t want to look back on an amazing chance missed with regret ten, twenty, or even thirty years down the line.

Ambition Knows No Age.

Youth isn’t always a detriment to financial success. After all, could a forty-year old have developed the idea for Facebook? It’s not likely. Don’t think about being young as a disadvantage in your effort to climb the social ladder – because in many instances it’s a great advantage to have time on your side. Just make sure you use your special place as a young person in the business world to your benefit.

Life is Short.

Your professional life doesn’t start when you turn thirty or forty. It begins whenever you say it does. If your dream is to achieve financial success or even run your own company, then you should begin working on that as soon as possible. Making long-term plans is great – but it’s putting in the leg work every day that enables a person to fulfill their goals. Treat every day as your last, and soon enough you’ll be reaping big rewards from your big investments.

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Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

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