Chapter 3
Financial well-being
“Investing in yourself is the best investment.”
– Unknown
Invest early and consistently
Start investing as soon as possible.
Time in the market grows your wealth.
Contribute monthly to a stock index fund.
Understand compound interest
Compound interest is the interest you earn on interest.
Interest on interest accelerates growth.
Start saving early to maximize compounding.
Diversify your investments
Don’t put all your eggs in one basket.
Diversification reduces risk.
Invest in stocks, bonds, and real estate instead of just one.
Automate your savings
Set up automatic transfers to your savings or investment accounts.
This ensures consistent saving.
Arrange for €200 to move to savings every payday.
Invest in yourself
Improve your skills and education.
This can lead to higher income.
Take courses to gain certifications in your field.
Feel free to share with your colleagues
Give feedback, ask questions or request new resources
