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re: What financial advice would you give an 18-year old today?
Posted on 1/6/16 at 5:11 pm to lynxcat
Posted on 1/6/16 at 5:11 pm to lynxcat
quote:
This guy gets it. Saying one should save every penny from time you are 18 is not only unreasonable but a complete drag on life.
exactly, and btw my advice to an 18 year old to a 22 year old to a 25 year old is completely different.
I believe in saving etc. just saying that 18 isn't the age you HAVE to start....
0
Posted on 1/6/16 at 9:42 pm to BayouSizzle
Max 401K every year
Max Roth every year
Put money away in an HSA while young
Don't get married too quickly but have kids - my kids changed my life - made me a better person
Try to work out every other day and stay in shape - and get an annual physical
Max Roth every year
Put money away in an HSA while young
Don't get married too quickly but have kids - my kids changed my life - made me a better person
Try to work out every other day and stay in shape - and get an annual physical
Posted on 1/6/16 at 10:31 pm to nelatf
Work out everyday, not every other.
Posted on 1/7/16 at 10:15 am to Paul Allen
As an advisor I've never met a single client who wished they wouldn't have saved so much money, its always the other way around. If an 18yo can start creating good spending and saving habits at such an early age more power to them as they are already ahead of 99% of the rest of the world.
Posted on 1/7/16 at 2:45 pm to LG2BAMA
Spend 90% on whiskey and women, then feel free to waste the rest.
Posted on 1/7/16 at 2:53 pm to BayouSizzle
Don't go to college beyond the required degree. No grad school. Find your niche/trade and start working.
Posted on 1/7/16 at 7:20 pm to lynxcat
quote:
Travel. There is nothing more valuable in life. It will open your eyes and pop your bubble.
to leave and find out the food sucks outside of Louisiana. Meh
Posted on 1/7/16 at 8:51 pm to BayouSizzle
Sticking to the topic of financial advice, I would say invest in yourself and boost your income as quickly as possible. It's all fine and good to save money but it's hard to do it right on a limited budget.
Most people's savings problems are really income problems.
Most people's savings problems are really income problems.
Posted on 1/8/16 at 9:25 am to BayouSizzle
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