20 Pro Tips to Be A Millionaire by Age 45


16. Understand basic economics

Though stocks and fluctuations of the economy are hard for most people to pin down, you’re going to need to learn such things if you want to be on top of your funds. To grow your money as much as you can, you need to know the ins and outs of the system. Is it a good time to buy real estate? No? Yes? Why or why not?

When you’re done learning the basics, you should be able to identify why potential markets are good or pointless to invest in. Industries such as stocks and real estate fluctuate a lot, but patterns can be predicted with some accuracy… you just have to learn how! This is where YouTube isn’t such a bad option to learn a thing a too. Shame no one taught this in high school, instead of homeroom there should have been a #adulting class including how to do your taxes.

Adriana Echandi

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