Is Struggling For Money In Your Twenties Inevitable?
We all know the stereotype right? There’s a pretty heavily widespread assumption that everyone in their twenties is inevitably going to spend their time totally broke. It’s a sad state of affairs that seems to be even more common now than it used to be. There are more graduates coming out of university than ever, and the job market has never been more competitive, leaving thousands of twenty-somethings unable to make enough money to get by.
Inevitably this means that they end up spending what should be their first years of true adulthood running back to their folks for help. This just leaves everyone feeling frustrated, and it can be seriously embarrassing to have to to go to anyone, cap in hand because you’re struggling financially. But does it have to be that way?
Here are a few things that you can do to avoid being broke in your twenties.
Get paid to take surveys
This is one of those things that a lot of people often assume is some kind of scam and a lot of the time they are right. It’s incredibly easy for sites to pretend that you’re going to be able to earn money doing something simple like filling out surveys. However, that doesn’t mean that there aren’t legitimate ones out there. By doing a little bit of research, you can find out which ones are legit and you’ll actually be able to earn a pretty reasonable amount simply by filling out surveys online.
It’s not always the most reliable source of income, but it’s certainly a useful thing to have on the side if you’re looking to boost your earnings a little bit.
Use gig apps
If you’re someone with any kind of skill, then you should always try to market that skill as a way to make a living. The problem that a lot of people have is that they simply aren’t able to build a reliable client base to start earning. That’s where apps like Fiverr come in. Apps like this allow clients to connect with people with specific skills and hire them for pretty low prices, hence the name.
Apps like this often have you working for a pretty small amount, so it’s not a good idea to stake all of your earnings on them, but they are a great way to get your name out there and expand your client list without forcing you to work for free.
Invest your money
Yep, that’s right. You might assume that being a penniless twenty-something means that it’s impossible for you to have any money to invest but that is not true. If you take a little time to save some money, you can invest any small amount into pretty much anything.
Stocks and bonds might sound incredibly complicated, but they’re actually quite a bit simpler than you might expect. You’ll find that all it takes it to get started with your first investment and you’ll get a taste for it, slowly building up a portfolio and ensuring that you always have a financial cushion to fall back on in hard times.
The idea of gambling is often, pretty understandably, something that a lot of people feel reluctant to rely on when it comes to bringing in more money. After all, it’s hardly the most reliable method of generating income in the world most of the time. However, that doesn’t need to be the case.
Matched betting is one of the safest and most reliable forms of gambling there is. It’s often referred to as ‘no-risk betting’ which gives you an idea of how safe it really is. You can check out this source for more information on the entire process. However, the simple reality is that matched betting is often closer to a form of investment than any kind of traditional gambling.
The reality is that you may well never get to a point where you no longer have to worry about struggling financially at all. Being concerned about money is just a natural part of pretty much all of modern life and there’s very little most of us can do about that.
However, that doesn’t mean that you have to put up with constantly worrying about the kind of stress that often comes with your earnings never getting past a certain level. Any one of these ideas is a fantastic way to bring up your income and start getting yourself in a safer, more comfortable financial position so that you can concentrate on just living your life. You’re also sure to learn some lessons along the way.