For many young people, buying trendy new clothes, going on fun-filled vacations, and eating out at all the popular local restaurants are more important than saving for the future.
In fact, many go through their lives with the YOLO principle – why save when you can have fun? After all, you only live once! What’s sad with this mentality, however, is that when the rainy days come, they have nothing to spend and end up in deeper debt.
That is why people are often inspired by stories of young people who manage to take control of their finances at an early age. These young people are able to start and grow their own business or already built their own homes.
Take for example Sam Blanca, a 25-year-old call center agent who recently inspired netizens after sharing the story of his journey in the business process outsourcing (BPO) industry and how he managed to buy his own home while he was still 22 years old.