Rich students

You may not know it, but as students, you are rich, at least more than you would have imagined. And I’m not talking about the so-called “rich kids.” The list is much longer than it seems.

It’s all the more remarkable because many students see, through their studies, a good way to make a fortune. This is certainly possible for certain professions, but only a minority will allow it. Especially with salaries that increase only slightly.

As most students will tend to seek a salaried position, rather than considering becoming self-employed, the limit of salaried employment will make it difficult to access the fortune envisaged, to the point that you will be richer by being a student than by being a salaried employee.

Of course, you know that it is not easy to combine wealth and studies: you have to know how to invest.

Two basic rules on investment

Far from being revolutionary, there are two rules in the world of money and what can be done with it:

Precisely, one must be able to invest, but in an intelligent way, by limiting one’s expenses or, more broadly, by being able to take the time to think before moving on to the investment phase and ask oneself the right questions.

It is a question of reflecting on two intertwined aspects:

Where and how to invest?

It is not a question of being interested in investing in real estate or in the share prices of listed companies, as everyone else would. It will probably be a step to be considered quickly, but in both cases, it is preferable to obtain a minimum of money in order to be able to invest in these areas which, moreover, require a solid backbone, which makes it possible to invest only what one is ready to lose and no more.

Consider the first rule instead! First of all, you can limit your expenses, which amounts to defining them, make a list of all your expenses and try to reduce them by 25% on average, i.e. if you cannot reduce some of them to this percentage, reduce the threshold for these expenses, but increase it for others, when possible, so as to set aside 25% of what you would have spent if you had not bothered to take care of your money. Even if it is constraining, think of this approach as a game, it will gradually turn into a mechanism capable of giving you unsuspected financial means.

Ideally, if you add the second rule, you should even try to turn the slightest expense into an investment:

Transforming your spending

Here are a few areas concerned by this second point:

On the first point, it must be seen that you cannot do without certain expenses:

It is therefore quite important to know how to invest the money you would have spent anyway without taking car :

If you are not a scholarship holder, the ideal is of course to have been able to work during your holidays to cover your back, but there are certainly many other items of expenditure that can be revisited, so as to eliminate, limit or optimise the slightest expense. It’s up to you.

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