It is all about creating a new set of goals with a very clear outline of what you are trying to achieve. For most, it will be about securing a full-time job. And while your degree might get you in the door, your experience, attitude and even social media presence could trump your academic achievements. Many will chart their own course and have their own path, but it’s important to remember your path, like so many others, can be messy until you achieve your own success.
Here are 10 pieces of financial advice would give the younger self:
- Create a budget, stick to it, and know exactly how much money you have coming in and what you are spending it on.
- Spend less than you earn – always.
- Pay yourself first. In a perfect world 20 per cent, but start with 10 per cent.
- Take some risk. Don’t be afraid to take on new assignments, be prepared to learn on the job, and step out of your comfort zone early in your career – and do it often.
- Minimize discretionary costs by going line-by-line and cut out unnecessary spending. The sooner the better.
- Tackle your debt by paying off the most expensive debt first: the one with the highest interest rate, not necessarily the biggest balance.
- Ask for feedback from those without an agenda. People have a tendency to listen to those who simply tell them what they want to hear.
- Embrace life-long learning.
- Don’t leave any money on the table by not understanding your benefits package.
- Chill out as hard as you hustle. Burnout happens when you least expect it.
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