THINGS TO DO ONCE YOU TURN 18

Hello my peas,

Thanks for stopping by. If this is your first time here, welcome to the pod. This blog post is pure gems thrown YO WAY. We know that this information will not be found in class, and it is not easily accessible unless you have a lot of informational support around you. F...or this reason, we take it upon our selves to help fellow millennials in ways that could change the direction of your future.

1. Get a credit card

Before you get a credit card, you need to learn about what credit is and why you need it. The main reason we have credit cards is to BUILD CREDIT, yes I had to capitalize it so you hear me loud and clear. just because you have a credit card does not mean you should spend it aimlessly. do not live above your means. #clickhere for an in-depth analysis on credit card and credit scores.

2. Open tax free savings account

SAVE SAVE SAVE,

Before you open a tax free savings account you need to know why you need it and what you are using it for. There are many types of tfsa accounts, so you need to know which will work best for your savings goals. I personally (Alejandra) opened GIC and an everyday tfsa when I turned 18. #clickhere for a different post that goes into detail.

3. Learn about the stock market

it is important to start as early as possible to learn about the stock market. I did this by watching YouTube videos, and literally googling "stock market". You will be thrown a lot of information 90% of it will be a scam. which is why I said, study, this means spending hours on end, reading articles, blog posts, posts made in your investing section of your preferred bank account. if you have a chapters, get some books, you can easily access pdf versions of books if you do not have the money to do so. Send us an email, and will be happy to get pdf versions for you.

4. Invest

I would suggest that you do not start investing until you have played around with the how, what, when and where. you need to have this information before you do start dubbling in the stock market. we are not investment advisors so we can not tell you what to invest in, but check out #peasinapod on YouTube for our stock picks.

5. Learn a new skill

It is vital that you build an arsenal of skills. whether you are in college or not, you can always use a new skill. Whether it is website building, designing, singing, creating a channel or even getting into trades. This is all helpful in developing multiple streams of income. we as millennials need to work hard in order to be financially free. There are many platforms where you can learn for free. khan academy, udemy, edx, to name a few.

6. Learning from others

I (Alejandra) can not stress this enough. At this age, you may think you know everything thing, truth is you don't. You have barely scratched the surface. this means, you need to put yourself in positions to learn from other people. We believe if people are not willing to share their knowledge the amount of information available to us would be scarce. In other-words, get a mentor, observe and listen more than you talk. One of the principals we live by can be narrated in a simple story. If you are in a room full of people and you talk the entire time, you live the room knowing nothing new. if you listen to everyone speak, you leave with the knowledge of everyone in the room.

MISSION STATEMENT: Millennials helping millennials for a better future

UNTIL NEXT TIME,

FROM YOUR FRIENDS BEHIND A SCREEN

Written by Alejandra Edwards