7 Wealth Generation Methods for Young People

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Generational wealth is the ability to pass down financial assets to future generations. It's something that many people dream of, but it's not always easy to achieve. However, if you're in your 20s and you're serious about building generational wealth, there are a few things you can do to get started. Here are seven tips for building generational wealth in your 20s: Set financial goals. The first step to building generational wealth is to set financial goals. What do you want to achieve financially? Do you want to buy a house? Pay off your student loans? Retire early? Once you know what you want, you can start to create a plan to achieve it. Opens in a new window www.investor.gov Create a budget. A budget is a great way to track your income and expenses. It can help you see where your money is going and make adjustments to save more. There are many different budgeting methods, so find one that works for you and stick to it. Opens in a new window mint.intuit.com Live bel

11 Secrets to Memorize Things Quicker Than Others 2020

We learn things throughout our entire lives, but we still don’t know everything because we forget a lot of information. This Article will tell you about 11 simple memorizing tips that will help you remember everything and improve your memory.

Why we forget things.


How to remember everything.


How to memorize something quickly.


How to memorize something for a long time.

Try to understand what you learn.

Learn the most necessary information.


Serial position effect.


Interference theory.

Learn opposite things.


Build your own «mind palace».

Use «nail words».


Make up stories.


Use a tape recorder.


Visualize.


Choose only the best materials.

SUMMARY -

 Your brain is like a hard drive — the space is limited. Remember Sherlock Holmes? He couldn’t name all the planets of the Solar system — this was not because he missed school or something like that, but because he was too smart to have such irrelevant information in his memory. He deliberately erased facts he would never need. This is what your brain does: it protects you from overloading with information. That’s why all new data is stored in the short-term memory, not the long-term one. So, if you don’t repeat it or use it, you forget it very quickly. A German psychologist, Hermann Ebbinghaus researched the memory and its mechanisms. He described the Forgetting Curve which shows that just one hour after learning something new we forget more than half of the learned information. One day later we remember only about 30% percent. Well, you see where this is going. - There is a memorization technique called «Spaced repetition». To keep some information in your head for a longer time, you need to try to put it into your long-term memory. Forced memorization is not very effective in this case because your brain can’t make sense of the information quickly and form strong associations. Here it all depends on the reason why you are learning something. - To memorize something quickly, repeat the information right after learning it. The second repetition should be after 15-20 minutes. You don’t need to return to the information between repetitions — just rest and do something different. Let your brain relax. Repeat the learned material the third time after 6-8 hours. And you should have the final repetition 24 hours after the first contact with the information. Do you know any other memorizing tips? If yes, share them in the comment section below!

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