Management of financial matters usually prove to be a tricky affair for young people, and this then brings about many challenges and shortcomings. This thus calls for learning and exposing oneself to financial matters and investing while young to enable one be more responsible for all the critical financial decisions.
Christopher Linkas is such an example who is an experienced and passionate financier for several years with a wealth of financial information. The advantages of it all are that he had an early interest in financial matters that he developed once out of college leading to him working in top UK-companies. Most of these were top financial and investment companies within the United Kingdom.
The good thing about financial literacy is that it is not genetic but can be learned. Learning about finances helps one live and budget within the available funds and manage both his credit and debit accounts. According to Christopher Linkas, this is only possible by staying knowledgeable in the business world and interacting with and brainstorming with equally minded people.
Financially its beneficial to invest while young by taking into account the rate of compound interest which is an aspect that takes advantage of time. Overall the small amount of money ought to be re-invested in the original business. This leads to financial growth over a specified period.
Another merit of financial management is that it helps one repay the student loans accrued while living and learning in college. This is because the loan taken to finance education won’t pay itself no matter any job landed after graduation. Thus one is supposed to work hard and get extra challenges outside of the office.
Financial management helps one to learn about investment and taking of risks. One learns to have a higher tolerance for risks and have more expansive and inclusive portfolios. Financial management and exposure also ensure that one follows and caves along new paths and this is done by overcoming societal pressures.
Investment strategies according to Christopher Linkas involves reviewing investments with an objective. And this mostly involves investing small amounts of money and then re-investing the earnings in the original investments.