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I set this question to a group of pupils at Langley College and received a variety of answers.
The answer is easy when you think about it. In life’s journey it is not easy to accumulate wealth. Some get lucky but for most, it’s a constant grind and a lifetime of accumulation to achieve a bucket of assets to live your best life. Now if I were to say that your best investment was actually to invest in yourself, I typically get a confused look from my audience, but I go on to explain that the students should aim at getting the best grades that they are capable of, as this enables them to get the best job that they qualify for. Each level of achievement should lead to a better salary and that leads to a higher standard of living and then gives you the ability to save for the future, as opposed to a minimum wage role which would be more of a hand to mouth existence. So if you can study hard, achieve the best grades that you can achieve and aim high this should help you get a role that pays higher than the average. Taking this ‘premium’ income and investing diligently each month will slowly but surely build a better life and financial security.
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AuthorSteven is a Fellow of the Personal Finance Society, whom is passionate about investing and getting the most from your money. Archives
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21/6/2023
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