Congratulations, on becoming an 18 year old. Want some practical life advice? Let's dive in!
1. Open a Bank Account:
Chances are you already have a Bank account that was created by your parents but makes sure that the Bank account becomes yours and yours only. Having your own Bank account will help you to become financially literate.
2. Get a Credit Card for Credit Score:
Opening a credit card is extremely important. However, a credit card is a huge responsibility and should be treated as a tool to build your credit score. Don't spend more than you can afford.
3. Get a Driving License:
A driving license is a must when you turn 18! It will help you to drive legally on road and as identity proof too.
4. Get a Voter ID Card:
Voting comes with a lot of power and can be very important depending on what you care about.
5. Keep your Personal Documents ready:
This is one of the crucial things to do when you turn 18!
Ask your parents to give you the following docs:
- Passport
- Birth Certificate
- Adhar card
- Caste Certificate
6. Learn About Basics:
Sadly high college or college doesn't teach you about important things in life:
- Finance
- Relationship
- Taxes
- Mental Health
- Body Language
7. Invest in Mutual Fund:
Investing is a great way to start growing your wealth. Open your Demat and Trading Account. The early you start the more benefit of compounding you will get.
8. Remove Negative People from your Life:
Negative people and the environment only bring us down. If you avoid you will be on your journey with a positive outlook on life.
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