Starting to save money early and investing consistently, even with modest amounts, can build significant wealth over time; the speaker's father taught her to save her first salary, which enabled her to make her first investment at age 22, fund her wedding, and purchase her first house, demonstrating that disciplined saving and early investing are fundamental principles for long-term financial success.
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Dad's Simple Rule Built My Wealth #money #finance #shortsAdded:
And the first thing my dad said closer [music] to my first salary date was that we'll now up your pocket money to 500.
This money gets saved. Our job was to educate and bring you up. We [music] can't give you many luxuries. So, tomorrow if you want a fancy wedding, holiday, whatever it is, now you start [music] saving and you know, your money you use for whatever you want. At some point I was agitated saying what the heck, why am I not being able to use?
[music] But it was good because at the end of 12 months I had 18,000 and I made my first investment [music] at the anniversary of my first year of working, which was in shares of a very reputed company. That company continued growing, continued giving bonuses. So, part [music] of my wedding expenses I self-funded from there. Part of my first house deposit came from there and I still hold a small >> [music] >> portion of that share and I will never ever sell it off because it has a lot of emotional value.
>> [music]
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