Financial diversification plan composition with income symbols flat vector illustration

 

At a certain time of life, being men specially in our Indian subcontinent society we need to earn and lead a livelihood. Though in the western societies ,the concept of men and women earning together and earning early is quite prevalent and a common matter, with the update of the society ,people’s outlook is also having a change and men and women are encouraged to earn.Earning especially in the 20s is not only useful but it helps an individual to grow and boost different qualities of his/her life and save time and earn and save much money.

In European or western countries, a youth of 20 years has a lot of opportunities to earn things like working in restaurants, working in local shops, or doing on campus jobs. But in our country specially Bangladesh except tuition and online earning an individual does not get much scope. But these tiny scopes are utilized by our youth so that they can have the taste of the sweet merits of earning early at age of 20.

There are many reasons for starting to earn early.Let us talk about 5 impressive reasons which make starting early at the age of 20s turn fruitful.

1.Financial freedom and duties:

Learning to earn at an early age fosters the financial freedom in you and teaches you valuable money management skills and thereby makes you a responsible person thereby. Responsibility makes you a dutiful person .The more you start earning early, the more the money management skills you inherit and more you become calculative in making the proper use of money.

2.Building up a progressive career: 

Starting early earning makes you professionally skilled. And professional skill is much required in today’s world. This early earning increases your professional experience and enhances your outlook of the job environment, helps you to understand the job behavior. This experience leads to career advancement ,career development and makes you stable for the future stages.

3.Grow savings from an early age:

Savings from an early age is much appreciated. Because the more money you can save early, you can think of a small start up or business. As your capital is small, if you fail in the business then there is no significant loss but if you win there is a win to win situation which makes you leap one step further. Nowadays, among youth, start up is more prevalent and it is a matter of pride that many Bangladeshi individuals by group have started online business or start up modules.

4.Debt issue solving and flexible money use:

Sometimes students fall into debt due to the education loan. Through earning early students can solve those debts to much extent. Besides, students who earn early can think of better educational courses which can be earned through the use of money.The flexible money use means to use money in situations of emergency.

5.Reduces financial pressure on family:

An individual earning early gains somewhat financial stability and thus reduces the financial pressure on family. In case of poor families, the financial help by youths starting earning early provides extra advantage to the family and also gives a large sort of relief to the family members. Also these individuals help families financially after meeting their needs.

From the above 5 impressive reasons ,it can be easily demonstrated that starting earning early is a very good initiative. So, ways should be found out so that starting earning early can be done easily. Moreover it is to say that the government should create more scopes for earning early .Initiatives need to be taken by universities to encourage students to earn early and create scopes for on-campus jobs. All these together will create a prosperous future.

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Writer,

Amir Uddin Ahmed

Intern

Content Writing Department,

YSSE