Your job can teach you many things. Whether it is your first one, or the fifth, you stand to pick up multiple things from each job. Some teach you about the value of time management, while others can teach you how important it is to always remain calm in the face of adversity. No matter how strenuous or how enjoyable your jobs have been, here’s one thing each and every one of them can teach you about: financial investments. Sounds odd?
Here’s 5 things you can learn about investments from your job:
1. Progress can be slow
Sometimes, you may feel like you’ve been doing the same job for years. It can feel like you’re stuck in the same post, performing the same tasks, and even reporting to the same person for the longest time and no matter how hard you work and how well you meet your targets, progress just isn’t happening. That can often be the case with investments as well. At first, you may feel like you’re investing your money for small rewards but as time goes on, your funds begin to multiply and give great returns. The same can hold true with your job. Before you realize it, you’ve shot up the corporate ladder and are often day dreaming about the good old, stress-free days that are behind you.
2. The early bird catches the worm
It doesn’t matter how far you live, or how strenuous the traffic near the office is. Often, the best rewards go to the people who are in the office bright and early, ready to snatch the best projects or socialize with the high performers and bosses. The wisdom in their actions lie in the fact that mornings are often the most stress-free part of the day and it’s the only time of the day when your bosses will give you their time of the day! A bit of bonding over coffee or brainstorming over breakfast can go a long, long way in helping you stand out from the crowd. Similarly, when it comes to the world of investments, the earlier you get in, the better. Often, even a delay of a few short years can mean the difference better more funds or less. The best time to begin investing towards your future is your 20s. By the time people join in their 30s, you are way ahead of them and can even afford more luxuries in life.
3. 5 year plans can go a long way
When it comes to your career, it is essential to set short term and long term goals for yourself. If you cannot visualize where you want to be and when, chances are that you’ll take longer to be promoted. Setting goals can help you work towards them in a more disciplined and effective manner. The same holds true for personal finance. You need to set long term and short term financial goals for yourself so that you can work towards them properly. Do you want to travel to a specific country within the next two years? Do you want to buy a house within the next ten years? Are you planning on having children by the time you’re 30? By charting out your life, you can plan your finances in a more comprehensive manner, and therefore be better prepared for anything that may lie ahead in the future.
By being cognizant of the things you and your family need, as well as understanding the lifestyle that you aspire towards, you can plan out your finances, and your career, in manner that is fulfilling in every way.