Youths have been advised to invest in their foundation after college or university and stop pressuring themselves.
Economist Reuben Wambui says investing is good, but if they are just out of college or university or just started their first job, they should reduce pressure and not accept pressure from people.
Photos: Oyemike Princewill and Princess (Unsplash)
He explains that in the early years of work, they should use small savings to invest in foundations.
1. Invest in your capacity. Pay for that course; pay for that skill. Ask yourself: How can I increase my earning potential? Skills are assets. So invest in your capacity.
2. Improve your family’s livelihood, especially if you’re from a humble background. Pay for your struggling parent’s NHIF and your sibling’s school fees. That, too, is investing. Just by doing small things, you may change the life trajectory of your family.
3. Invest in basic items. It is okay not to invest elsewhere and use your saved monies to buy good utensils, a good bed, a good mattress, nice clothes, and a good phone. Basics are an investment. Getting your basics right is a sign of responsibility.
Photo: Simon Stratford and Jarek Ceborski (Unsplash)
“When you’re starting out, all the above are good investments. Don’t be under pressure. If you have the privilege to start at a better place, that’s great but we all have different starting points. The best investment when you’re starting out is investing in yourself,” he said.
“So, how do you do it? Use your brain and your time productively to enhance your earning potential, make life progress, and maximize every opportunity you get,” he added.
