Connect with us

Hi, what are you looking for?


Top 5 Financial Lessons that Most of Us Learn Too Late in Life

An open letter to our younger selves:

Money lessons are sometimes the trickiest things to learn in this life’s journey. The sad part is when we finally understand the gist long after it’s already said and done. That’s when we start to realise that not all opportunities are meant to last forever.

We all have regrets that we wish we could change if given the chance to go back in time. For instance, if only we had known that spending more than what we make would give us terrible aftermath, we should have learned to control our spending habits sooner and never make the same mistake again.

The reason why most people struggle with money later in life is that no one teaches them real-life financial lessons that are required. As a result, we keep chasing after money but at the end of the day, we still feel broke.

Here are important money lessons that I wish I had learnt sooner than later. Maybe you can get a thing or two from this open note to self too.

You are your biggest asset.

Not the stocks and shares or your five-storey house but ‘you’ should be crowned as your own greatest blessing. You are the one who works hard to make money, and so you deserve to receive the highest investment from you to yourself. Investing in oneself means getting educated and upgrading their knowledge with additional courses, reading materials and podcasts. You never know where your knowledge and skills can take you, so don’t stop learning.

Live below your means.

One of the most powerful financial principles that you can learn in life is to always spend less than what you earn. A lot of people fall into the trap of considering loans after blowing their entire paycheck with nothing left for contingency. Believe it or not, your debt won’t always save you unless you’re responsible enough to master the borrowing game.

Let’s say you make around $500 a month and it only takes you $400 to be happy. With that attitude, you’re way richer than someone who makes $5000 but needs so much more to fulfil their desires. If you really want to go beyond your means, you can always create multiple streams of income to fill the bill.

Invest early.

Speaking of additional income streams, one of the easiest ways to make money on the side is by considering market investments. We all know that creating exponential growth is the name of the game in this kind of business. If you want to make the most of your investments, you need to start investing as early as you can. You can start with a life insurance package that comes with an investment plan, allowing you to secure your future by growing your savings while having a high return of investment in the form of cash value.

Everything has a price, tagged or hidden.

We live in a competitive era, where nothing is free. Everything has to be paid for either by cash or intangibles. The price of getting promoted to a higher and more hectic position at work is a time that is less spent with loved ones, for example. Once you get the gist of this aspect, you’ll start to realise that some things such as time and relationships are just as valuable as money.

Success is not measured by money alone.

Your net worth does not define your greatest accomplishment in life, your good relationship with people does. In a nutshell, there is no amount of money that can pay for a lack of character, integrity and genuine compassion towards others even if you’re one of the richest men in the world. If money can talk, it only got two magic words to say: “Hello!” and “Goodbye!”. But, the relationship you have for those people who truly love and appreciate you will only grow and never fade away. Learn the difference.

Written By

Sarah is a full-time writer whose main enthusiasm switches between good food and underrated films. Aside from writing sonnets at 6 am, she also blogs general issues and smart financing tips. When she’s not writing, she spends her precious little time thinking of what to write next.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like


Image source: Shutterstock There is no denying that you will have greater peace of mind if you know that you and your loved ones...


Life insurance is an ideal financial product that can help plan one’s golden years. With the increase in life expectancy, it only makes sense to...