If you were to go back in your 20s, what financial advice would you give yourself?

Make more money. Then marry a gal who makes more money than you do.
 

Financial advice? Just following all the youtuber financial advise: dollar cost average, and start early in life.
 

Money was the last thing on my mind when I was in my 20's. I had met the man of my dreams and neither of us had much money. It would have been nice if we had plenty, but then we might not have tried to work as hard trying to survive. They say always have enough to get by on and that's what we did. I had $76.00 and he had a bit more, but we did survive, and I can honestly say those were the happiest days of our lives. This was in 1966, and times were tough for most young people.
 
Warrigal said:
I would tell myself that money is just a tool, not the end all and be all of life. I would say work hard, save for a rainy day, and give generously to people who are less well off than yourself.
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God read my post and today sent me a man who needed my help. I had forgotten what I had written but proud to say that I responded to his need. God has no need of money, but we humans think it is everything we need. What we really need is love and compassion for the stranger in need.

It is said that when we pray for people, generally or individually, we must try to be part of the answer.

Tell me again, Lord. "Who is my neighbour?" Luke 10:25-37
 

If you were to go back in your 20s, what financial advice would you give yourself?​


Before I went back, I'd look through all the records through all the years of lottery winning numbers and the winning lines of pools coupons, then I'd set up an organisation to buy the tickets and put all the winnings into a trust fund to gift the NHS so that it would deliver more for everyone. šŸ˜Š
 
Get a solid investment plan and put away $50,000 or so. Then put away a small amount of each check after that. It will be worth a half million or more at time of retirement.

I started saving at about age 35 because my job had a plan (actually 2 plans) and I did not have a choice, so I made up for lost time. And I even chipped extra for a while in my mid 40ā€™s.
 
There's no financial advice I know of now that would have been helpful when I was in my 20s. I was doing the right thing, going from this job to a better one to support my growing family.

I could have profited from what I know now when I was in my 40s. That's when I should have cut spending and started making sure my money earned money.
 
Macfan said:
We do that now but back when we were starting out we needed to build a decent credit score and paying cash doesn't do that. :coffee: Don...
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I never did get the logic in that. Back in the 70's there was this guy I worked with who had about 20 grand in the credit union at something like 4% intrest and he also carried a loan with them of about the same amount at something like 7%. Supposedly he did that to "build up his credit.". Seems to me he was just giving away 3% to the money lenders.
 

ā€œNeither a borrower, nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry."​


William Shakespeare
 
Stop chasing the American dream and downsize.

It took about 5 decades to figure out I don't need all the crap society tells us we need to be happy.

Actually by my 30's I was already questioning the American dream, clearly seeing something wasn't right. It took me another 20+ years to actually do something about it.

If I would've started being smart about it in my 20's everything would have been so much easier...
 
outlander said:
Stop chasing the American dream and downsize.

It took about 5 decades to figure out I don't need all the crap society tells us we need to be happy.

Actually by my 30's I was already questioning the American dream, clearly seeing something wasn't right. It took me another 20+ years to actually do something about it.

If I would've started being smart about it in my 20's everything would have been so much easier...
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"The things you own end up owning you."

Tyler Durden, Fight Club.
 
I'm not one to check my credit score, but I want it to be good. It can impact what I pay for homeowners and car insurance. They check credit scores. Also our scores are often checked when signing up for a new cell phone, or WIFI service provider. Those are some who check off the top of my head; I'm sure there are others.
 

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