Areas of investment for young men

Areas of investment for young men

Many young men do not think about investment until when they are very old and it is late for them. It is advisable to start investing when young because this is the age when you are very productive. You can invest in various areas as listed below

Place a value on money

It doesn’t buy happiness, but it can certainly make you comfortable. Just understand what it’s worth. Money is what you earn in exchange for your time in some productive pursuit. Let’s say you earn $20 an hour at your job, and you’re considering purchasing a TV for $500. You may calculate that you spend 25 hours, or about 3 days, earning that money. It’s worth it, you may think. But that’s not an accurate value estimate. If you’re single, you’re in the 25% tax bracket, so you actually spend about 33 hours earning the net income required to make the purchase. It still may be worth it, but there may be competing demands for that money, such as rent and car payments, not to mention your retirement fund. Each purchase represents a trade-off. Make these decisions wisely.

Sourced from:

How To Go About Leases And Leasing Of Property

Many companies do not have a permanent building or business space of their own. They rent or lease property for their day to day running of their business. Leasing is taking up space or a building for a given number of days or months or even years and using it as per the terms and conditions. Read more on leasing here.

Fixtures and fit-out

Get a detailed condition report of the premises you want to lease, before entering into the lease. This report should document the condition of the premises at the time you take control and before you make any changes. Also take date-stamped photographs and print three sets (one each for yourself and the landlord and a spare) for a visual record in case a dispute arises and photos are needed as evidence.

Many premises will need fixtures, fittings and services installed before you can start to operate your business. Who is responsible for the fit-out costs will be determined by negotiation and agreement between the tenant and the landlord.

Make sure you negotiate, as much as possible, for fit-out items that are at your cost, to remain your property so that they can be removed by you when the lease comes to an end.

Fit-out can be a major cost item which should be recovered from the business. Some fit-out costs, such as the cost of moving plumbing, are often overlooked, so ensure you have an accurate fit-out budget that leaves you with sufficient funds to operate your business.

Sometimes the landlord will specify which tradespeople must be used. This requirement is to protect the quality and image of the shopping centre or premises, but can add substantially to the cost of leasing the premises.

Sourced from:


Personal finance tips

When you lose focus on your finances, you are destined to suffer at some point in future. Financial management is a lesson every person needs to learn in their lifetime. This is because we all have scarce resources and very few income sources. Learn this and more financial tips below.

Find Your Passion

Your bank account may be empty, but believing in yourself at the most fundamental level costs nothing. As billionaire Oprah Winfrey said, “You become what you believe. You are where you are today in your life based on everything you have believed.” Change is possible whatever your situation, and the first step is believing in yourself.

Closely related is finding out what your passion in life is, whether it’s sewing, animal rescue, or writing software.

Christopher Paul Gardner is “only” a millionaire, but he was a homeless single father for a time. Carmine Gallo had the opportunity to ask Gardner his secret to success, and Gardner said, “Carmine, here’s the secret to success: find something you love to do so much, you can’t wait for the sun to rise to do it all over again.” Maybe you can’t start that design business, but you can go online or go to your library and start learning about it, and the sooner you do so, the better.

Sourced from: