Financial Tips for College Grads
When it becomes time to graduate high school and even college, many people fail to know little to anything about financing and money at all. This is the time in young peoples lives where they need to be smart about the choices that they make. What they do now is drastic and will affect them later on in the future.
Graduate Finance 101
• Compounding: The idea is start small and it wont be small forever. Anything and we mean ANYTHING that you can put away now put away because you will thank yourself later in the future.
• Don’t be reckless with your money: This is a simple one yet people tend to neglect it. When you have friends or family who are reckless with their money you tend to forget and adopt those habits, which will hurt your big time eventually.
• Don’t worry about this minute: When you start to learn about money you want to know what’s it doing now, what’s it doing now? For example what the DOW is doing now is not relevant to what it will be doing when you hit retirement age.