i think its important for kids that are just graduating to take an active interest in money and generating wealth.
I never cared about money until my late 20’s. Then i realized that i wanted certain things like a nice house, a car, not to worry about bills, etc.
Once that kicked in i went full bore into learning about finance and creating a better life for myself. But when you’re young, i think the priorities may be a little different 😉
Great post …
The one thing I would add is a commitment to read regularly as a way to be a continual learner. Under the topic of continuing your education … be a “self-learner” by always having a list of good books that you are working your way through. Make a good percentage of those books about areas of self-development.
Commit firmly to always paying cash for your vehicle purchases. Doing this and investing the money you save by not financing vehicle purchases will, by itself, fund a pretty comfortable retirement. If you’re also willing to buy 3-year old vehicles and drive them at least 5 years before replacing them, this practice will fund a VERY comfortable retirement. In addition, letting this sort of conservatism permeate your other financial choices will provide abundant resources enabling you to regularly experience the enormous joys of generosity.
i think its important for kids that are just graduating to take an active interest in money and generating wealth.
I never cared about money until my late 20’s. Then i realized that i wanted certain things like a nice house, a car, not to worry about bills, etc.
Once that kicked in i went full bore into learning about finance and creating a better life for myself. But when you’re young, i think the priorities may be a little different 😉
Great post …
The one thing I would add is a commitment to read regularly as a way to be a continual learner. Under the topic of continuing your education … be a “self-learner” by always having a list of good books that you are working your way through. Make a good percentage of those books about areas of self-development.
I love this one — ‘The richness you’ll get from the experiences will last a lot longer than the happiness you’ll get from a new couch”
That is how I grew in Africa ‘ great experiences versus stuff”
Great point, Dennis. I agree completely. Paying cash for cars is a big key to living with financial freedom.
Commit firmly to always paying cash for your vehicle purchases. Doing this and investing the money you save by not financing vehicle purchases will, by itself, fund a pretty comfortable retirement. If you’re also willing to buy 3-year old vehicles and drive them at least 5 years before replacing them, this practice will fund a VERY comfortable retirement. In addition, letting this sort of conservatism permeate your other financial choices will provide abundant resources enabling you to regularly experience the enormous joys of generosity.