Quote from: B-BossMan on Today at 05:48:44 AM

Good day, my good Naija people.
With the current economic challenges, it's very essential for the younger ones to provide themselves knowledge to avoid difficulties that the elderly ones have discovered or passed through.
Firstly, we need to advise them to train themselves by learning and also reading some financial economic principles, as well as personal finance and investment aspects. They can also provide valuable insights by engaging them in online crypto classes and practical experience on crypto.
Additionally, we need to let them understand the benefits of budgeting and how income and expenses are being managed or handled, they should know how to spend and what areas to spend on.
Moreover, encourage them to invest early even with the little amount so that they can have rapid benefits over time, having connections with crypto expertise and mentors in the financial profession can tender guidance for them. They should avoid repeating past lapses and view the experienced mentor's mistakes as learning opportunities.

Share your thoughts.

Brother, you have raised/catch a very good point.

Young people should first focus on building an emergency fund/hodl fund, at least three months of expenses should be kept in a safe place. Then, they should learn budget management and control their income and expenses. If they can control their income and expenses, there will be no more problems.

Crypto should be started with small amounts and if possible, they should first develop a habit by demo trading. If you join a good crypto community, you will get real experience and guidance. The most important thing is that you must DYOR before investing. This reduces the possibility of unnecessary hype and losses. Having patience and the right knowledge ensures financial success in the future.