Downsides of Earning money Early in life

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You Must Know the Downsides of Earning money Early in life 

by Deepa Singh



Are you the one making money at young age?

This is for you…

Money is the love of everybody’s life. After all, you need it to preserve the quantity and quality of love and care you share with your spouse, children, parents, siblings, and loved ones.

What goes through your mind when you earn money for the first time?

Your mind is full of dreams to fulfil all your desires and making your loved ones happy with thoughtful gifts. One part of your mind envisions a bright future, while another considers ways to spend money to demonstrate your worth to the world.

Everyone wants to earn money as early as possible in life.

However, there are some significant drawbacks of earning money early in life.

People often neglect life’s core values in the pursuit of money.

Prioritizing earnings lead to compromise a healthy lifestyle, such as rushing to the office or work without properly starting the day or saying some warm words to loved ones.  Sometimes, it even means living miles away from family.

How to earn money

Early financial success is tempting for an individual.

You become the talk of the town. People aspire to be like you. They approach you expecting to get some ‘Guru Mantra’ or seeking your advice for success. You relish this overwhelming success with open heart.

However, it comes with some complications that you may realize much later in life.

  • You do not have time to enjoy life because of your work commitments. You work, while your friends are out having fun and laughing together. This  makes you feel disconnect and long for those carefree moments.
  • You never realize the true value of money because it comes easy as pie to you. You tend to use it for comfort rather than investing it wisely.
  • You make poor financial decisions. You spend hard-earned money on having experiences with friends. Early financial success makes you confident, but you lack the experience to make the right investments at the right time.
  • You miss out on learning new skills. Once you enter the tempting world of earning money, you may not have the time or feel the need to learn advanced skills.
  • Expectations may make you overwhelmed and stressed. People’s expectations are very high from you. This constant pressure makes it difficult to find time for yourself, potentially affecting your mental and physical well-being.

If you are the one early financially independent bird. You need to follow wait and watch policy before you invest it to throw parties for your friends, trying to make up for the time you missed spending with them.

Your well-being and skills are your best assets. Invest your best efforts in learning and upskilling yourself now, to avoid regret later in life, when your peers will be excelling in life with their upgraded skills and more matured attitude.  

As an early financially independent you must maintain your legacy with good financial planning for future security, retirement, and peace of mind. It is important to balance with saving and investing wisely. Life is a long and unpredictable journey, and careful investments can protect you from unexpected challenges.

Balancing early financial success with personal growth and prudent financial planning is key to mitigating these downsides.

If you like my observation and agree with it. Please share your ideas in comment section.

 

Prayas The Pravartan is a beacon of inspiration, offering a spectrum of services including lectures, personal mentorship, public presentations, interactive workshops, and stirring orations. We engage with a wide array of individuals—students seeking direction, educators shaping futures, and professionals nurturing growth. Our mission is to cultivate confidence, foster a positive outlook, refine behavioral interactions, and sharpen communication and interpersonal skills. We also aim to develop leadership acumen and managerial finesse. As passionate champions for the education of underprivileged children and women, we are deeply involved in social awareness campaigns. At Prayas, we embrace the belief that life is a journey of perpetual evolution, each step preparing us for the subsequent pinnacle.

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