The target is to take advantage of less financial responsibilities and less to zero black tax that come with being young. In your 30s and 40s, this luxury of low responsibilities will be gone
If you would go back to your 20s, what would you do differently to ensure you are more successful today? This is the question we asked two entrepreneurs, Archibald Macharia and Peter Nyaga. Archibald is the managing partner at Infolaunch, a project management consultancy that specialises in project management advisory services and training. Nyaga is the founder and chief executive officer of Certified Homes, a real estate firm that deals with property investments, houses, and plots. According to Archibald, he would start to invest little by little throughout his college life. “I should have started investing earlier than I did. I should have taken my first job as a training ground rather than an ordeal that I had to overcome,” he says. “This would have included seeking advice from experienced people.” This is the same sentiment that is shared by Nyaga. “I made my first million at the age of 22. I was still in real estate, selling plots and land. At the same time, I was on campus,” he says. Instead of reinvesting the money into business, Nyaga says, he bought a car.
“Having a car at such an age could be a blessing or a curse; a blessing when you use it to grow a business or a curse if you use it to party. The car turned out to be a curse for me. Within one year, I went bankrupt and sold it to pay debts,” he says. The two financial miscalculations that Archibald and Nyaga made in their 20s are not alien. Many young people in their 20s are repeating the same mistakes, or making worse money errors. In your 20s, there are certain steps you can take to ensure that your future is secured early on.
