XcrossCash Loan Blog

Most people in their 20s are still in their parents house and therefore tend to ignore financial advice or seek ways to make money for themselves.

Since they are in school, they often depend on parents for financial support and this leaves them stranded when they come out of school simply because they do not know how to depend on themselves for their financial needs.

In today’s post we are going to be sharing with you five financial tips that would help you get on your feet the moment you are out of school and make some money while you’re still in your 20s.

So instead of being broke and jobless when you leave school you are able to be a support to your parents and take care of yourself.

Let’s run!

1. Learn high income skills

To earn money you must have a skill which you can exchange for money.

Today there are tons of high-income skills for example forex trading, digital course creation, programming, various forms of digital marketing, web design, graphic design, etc.

These are awesome skills that could put a lot of money in your hand and allow you study at the same time. Most of the skills can be learnt on your phone so you won’t even need a laptop to get started.

Learning some digital skills can earn you from as low as ₦20,000 a month to as high as ₦500,000.

2. Get a job

While learning is skill it is also important to get a job. A job that allows you time to study as well as learn skills is profitable in this situation.

The purpose of getting a job is simply to help you with immediate finances so you depend less on your parents.

While this is not as important as getting a high paying skill it will also help you avoid the need for money all the time as well as give you real world experience into how businesses are built and operated.

3. Follow who know road

You’ve heard the popular saying “follow who know road”. This simply means learn from those who are already having success in the area you wish to be successful in.

If you wish to have a lot of money, instead of listening to parents and taking advice from Friends who don’t have money, you should seek mentors who have made success in the financial area you desire.

This will shorten your learning curve.

4. Save at least 20% of your income

There is a popular saying “it’s not how much you make, it’s how much you keep”.

If you make a million Naira and spend it all you’re not much different from a person who made 1000 Naira and spent it all.

Practice saving at least 20% of your income.
Since you are still dependent on your parents this should be easy

5. Take smart loans

Most people speak evil about loans and with good reason.

However the richest people in the world know that loans are very important to very business that made them rich.

The difference between these rich guys and the poor people is what they do with the loans to take. Poor people use the loans they take to buy liabilities such as clothings.

The rich use loans to solve pressing issues, grab opportunities, and invest in their business.

Learn to take smart loans.

With these five financial tips you are well on your way to becoming rich in your 20s.

PS: you can get up to 500 Naira for every friend you bring to take a loan from XcrossCash

Click here to learn how to win your ₦500 today.