importantly building your credit score the younger i'm able to start building my credit score the better because it means in the future that when i'm ready to invest in property and things like that i'll have better access to better loans but be warned credit cards are like fire they keep you warm but they can burn you depending on how you use them so only ever buy the things that you would be buying anyway like gas or groceries i would make sure to pay them off in full at the end of every month in order to avoid paying any interest or late fees move number five will be asking you to smash that thumbs up button and ring that bell if you haven't already done it it really helps youtube show my videos to new people my fifth move is when things really start coming together i would use the money the skills the connections i had built during all of this startup time and then i'll make a scalable business once i'd identified a gap in the market most likely within an online or a software niche as soon as the business shows promising science i would go full throttle at it and grow it as fast as possible there is no point in growing slowly as my competitors would be catching up to me and every day i wasn't selling to as many customers as possible i'd be effectively just losing money i would reinvest as much of the profit as possible back into my business the main aim would be setting it up in a way that's not reliant on me and my time i'd also want to make sure that there were multiple income streams within the business in case for any reason that one of them was cut off once my business was able to support itself and it was making money on almost autopilot it would be time for my sixth move diversify and focus on my personal portfolio NUMBER_TOKEN of my portfolio would consist of real estate as rental properties can generate income all year round i'd make sure to take into account the school links income level of the area and also if it's an up and coming area the rental income is great and it will pay off your mortgage but the increase in the value of the property generally is fantastic if you buy right the wealthiest people nowadays collect property the way they used to collect classic cars interest rates are low prices are falling and you don't have to tie up a lot of cash in the investment and with apps like airbnb i could also consider short-term renting NUMBER_TOKEN of my portfolio would be in low-cost index fund like the s p NUMBER_TOKEN as this will allow me to be growing my wealth with the stock market pension accounts would make up NUMBER_TOKEN i always think the word pension sounds like old age old and i think that's the reason why it puts a lot of young people off doing a pension the truth is the word may be old but they're one of the best and most tax efficient long-term investments you're likely to ever make NUMBER_TOKEN percent will consist of investing my money into businesses seeking investment this would be you know a lot like dragon's den or shark tank in return for a percentage of their business i'd be offering my money mentoring and connections i would use two and a half percent of my portfolio to dabble in individual stocks this is money that i can afford to lose so i can have a bit of fun with it maybe purchasing a bit of tesla a bit of apple who knows but you can just have a little plate and you never know where it's
START_INTERACTION_TOKEN move number five will be asking you to smash that thumbs up button and ring that bell if you haven't already done it it really helps youtube show my videos to new people my END_INTERACTION_TOKEN