Post one financial tip you would tell your 18 year old self

Have a little more fun spending money on experiences, and don't spend as much money on rarely used and relatively expensive consumer goods.

Don't blow the 16k you saved through high school all in your first semester of college.....

Buy all the Pharmacyclics (PCYC) stock you can, and have your parents buy as much as they can and hold it for the buyout in 2015.

I found that stock in spring 2012 at $27 a share but never invested. It had been on a tear by the time I found it. Abbvie bought them for $270 a share.

That, or buy as much PATK stock as possible from 2009 onwards and become an OT baller.

buy the big items you really want/need before you get married

Start a Roth IRA when you get your first job making decent money. You can probably spend a little less on her engagement ring

Stay away from UGAZ/DGAZ

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No Credit Cards for any reason

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That is terrible advice if you have the means to pay off the credit card every month. I save 2% on all my credit card purchases. Over the course of a few years, that adds up to a bunch of money.

Obviously, it isn't good to use credit cards if you can't afford to pay the balance every month though.

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That is terrible advice if you have the means to pay off the credit card every month. I save 2% on all my credit card purchases. Over the course of a few years, that adds up to a bunch of money.

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LINK

Americans are carrying $752 billion in credit card debt, obviously a significant number are not paying their balance in full. You get the "free" money because the credit card companies are betting that sooner or later you wont pay the balance, statistics indicate that for most card holders they are correct.

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Have a little more fun spending money on experiences, and don't spend as much money on rarely used and relatively expensive consumer goods.

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