Peter Vander Wall argues young people should spend money on skills before speculative assets. He suggests taking $1,000 from savings and buying courses, mentorships, or masterminds instead of crypto or NFTs. The skills you build will earn you more than any asset flip.
All right, Hot take alert. If you're young like me, don't focus on investing into crypto or real estate or Beanie Babies. Instead, invest into yourself. Now let me pull that back a little bit, because I'm not saying you shouldn't buy Bitcoin or rental properties or NFTs. You should buy those things. There are huge benefits to getting started at a young age, but that shouldn't be your primary focus. If you spend your 20s investing in your skills and your expertise, making yourself extremely high value, then it doesn't matter what's happening in the market, you will always have money coming in. If you have $1,000 to invest, don't put it all in one place. Invest part of that into yourself. Buy an online course or a mentorship program or a mastermind and level up an existing skill or create a totally new one. Becoming a dogecoin millionaire isn't going to make you happy, but if you have skills that you enjoy using that genuinely add value to other people, that's going to bring a whole nother level of fulfillment to your life.
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