7 BEST Investments to Make in Your Teens & 20s (That Pay Off for Life)

About this Video

• Video Title: 7 BEST Investments to Make in Your Teens & 20s (That Pay Off for Life)
• Channel: Slow Stack Society
• Speakers: One (unnamed)
• Duration: 00:14:18

Introduction

This video discusses seven valuable investments young adults (teens and twenties) can make to build long-term wealth, health, and success. The speaker emphasizes that these investments are not about instant gratification but rather long-term growth and compounding returns.

Key Takeaways

1. Invest in skills and education: Continuously learning high-income skills, taking online courses, or reading books enhances earning potential and makes one less easily replaceable.
2. Invest in health: Maintaining physical and mental well-being through exercise, healthy eating, and other self-care practices is crucial for long-term energy and productivity.
3. Invest in appreciating assets: Shifting from buying liabilities (e.g., clothes, expensive cars) to appreciating assets like stocks, index funds, real estate, or precious metals builds wealth over time.
4. Invest in your network: Building strong relationships with successful and like-minded individuals provides mentorship, opportunities, and valuable connections.
5. Invest in reliable technology: Having a reliable laptop or computer enhances productivity, creativity, and overall efficiency, avoiding time and frustration costs.
6. Invest in experiences: Engaging in experiences that promote personal growth, expand perspectives, and build confidence produces lasting positive effects.
7. Invest in a side hustle/business: Starting a side hustle or business, even on a small scale, creates value and potential future income streams, exceeding the limitations of traditional employment.