What 20-somethings wish they had known about money before entering the real world after college
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We don't always make the right choices when we're young.
It's especially true with our money, since we probably don't think about how our split-second decisions can impact our lives later on.
I am guilty of these kinds of mistakes myself - wasting money on things I had no use for, not taking advantage of all the "free" stuff my school offered, and ultimately not thinking about life after college - which led to some poor habits that kept me from building wealth in the year I've spent post-grad.
But, I'm not alone.
I reached out to my friends to see if they had any money mistakes they wanted to share, and what they would have done differently. Just like me, many of peers weren't always as financially savvy as they wanted to be in the years after college, and have also made some poor money decisions.
Looking back, here's some advice they would have given their younger selves about money before they entered the real world:
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’