Isn’t this the most boring subject to talk about while you’re at University? Budgeting and your finances is probably the last thing you want to think about. Going to University is about much more than just getting your degree, you go from a teen to a young adult, you learn so much about yourself and you start to get an idea of what you want to do with your life. There are many exceptions, a lot of people already know what they want from life before they graduate high school and some graduate from University and have no clue what to do next.


The best thing about all of this is, it really doesn’t matter. Everyone is different and in this day and age, you should never swim with the tide, always go with what feels right for you and if you don’t know it yet, then so be it. Enjoy being a student, it is an important part of your development. If you’re reading this however, you want more from life than to just pay bills and barely get by. Maybe you want to be a millionaire, or billionaire or maybe you want to help millions of people all over the world. Whatever your endgame is, the earlier you get started the better.


Let’s look at actions you can take while still at school or university to supercharge your efforts of achieving financial freedom.


Build a second source of income

If you’re at school, maybe you get an allowance/pocket money and if you’re at University, you get loans or grants etc. If you’re in this position, you should save as much as possible, literally, if you don’t have to spend, don’t (think, scrooge). Maybe none of the above applies to you, if that’s the case then you really need to build an income. If you’re struggling for ways and means of doing that, click here.

Whatever your income is, whether it is an allowance or a part time business, it is important that you save. I personally think everyone should aim for 3-4 sources of income, it is possible to have 10-12 sources of income if you’re really intent on building wealth. A lot of these require a bit of capital and having some stashed away will go a long way, yes it means you have to sacrifice but delayed gratification is, among a few other things, the building block of lifelong success.


Learn to budget everything

The most savvy savers have apps and spreadsheets where they can track how much they’re spending and saving. It may sound like overkill but once you crunch the numbers and see where and how much you’re spending needlessly you may be in for a surprise. Budgeting now will create a habit of living frugally and having cash for when you really need it, it may be an emergency, or you may want to start a company, invest in the latest start up and so on. There are literally thousands of opportunities for you to make money but more often than not you will need a bit of capital.


We live in the age of consumerism, we buy things we don’t need to impress people we don’t like and at the end of the day, they don’t care anyway. Driving a fancy car is all well and good, feels great and it goes well with that tailored suit and expensive watch, but if you have to work long hours doing a job you hate for the rest of your life just so you can have these material things, is there really a point? Real fulfillment comes from doing something you love doing day in and day out and again, more often than not you need some liquid assets to be able to do that. There are ways and means of doing it without cash but it makes it a lot harder.

Network, network and network

University, like school is the easiest place to make friends. Yes there are groups and sometimes it may be hard to fit in with the sporty group if you like computers or the arts. However, making an effort on getting to know the right people can set you up for success later on down the line. You may be at University with the son of the CEO at Google or a Managing Director at Ernst and Young. Sometimes these links don’t mean anything and you may not be able to cultivate a relationship strong enough to get you an interview, but you can always get advice from them, learn the tricks of the trade. They will always know the kind of things their companies are looking for, certain classes you can take, extra curricular activities you can do to boost your applications and so on.


In any given part of your life, if you plan for your future and start looking at every day as a new opportunity, you will be well on your way to success and financial freedom. The sooner you start the better, yesterday was the best time to start, the next best time is today.


University is getting more and more expensive, use the actions above to help you springboard into success as soon as you graduate. GSY