How can I become financially secure?

Expert Answers
mkoren eNotes educator| Certified Educator

There are many steps a person can take to become financially secure. One step is to start saving money as early as you can. Because of the multiplier effect of compound interest, the sooner you begin to save, the greater the likelihood you will have more money later in life. It is very hard to catch up when you delay the process of saving money.

Another thing you can do is to focus on your education. The statistics are very clear. The more education a person has, the greater the chance that person will make more money. It is also important to get the most out of your education. Attending class, completing assignments, and studying a lot will help you get the most out of your educational experience. These characteristics will also help you to develop habits that will help you when you starting working.

A third factor is to work hard at your job. If you work hard, follow procedures, and do quality work, you will get noticed. This may lead to promotions. Promotions should bring more pay and more benefits.

Being a good investor can also help you make a lot of money and help you to become financially secure. Do your research before investing. Consult with a financial professional. Wise investing is a good way to become financially secure.

There are many things you can do to make a lot of money and become financially secure.