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re: Financial advice for a young recent graduate
Posted on 7/18/21 at 12:47 am to blackoutdore
Posted on 7/18/21 at 12:47 am to blackoutdore
quote:
Spending is an addiction, and a war most people lose. Only buy and invest in things that will last and won’t be a victim of a fashion trend- your accord is a good example of investing in things that last (although most consumer items, including cars, still aren’t great investments- but at least you are minimizing loss with a vehicle like that).
It’s feels so much better to not see the majority of your paycheck immediately wash away because of debts, or you want to get the latest “thing”. And then you resell it for a fraction of the price and realized you lit money on fire. Nothing worse than realizing you sat a desk for a month for no reason other than to pay for things that weren’t necessary.
This is good advice, but I will add don't spend your money on things, spend it on experiences. If you get invited to a wedding, go, it's the right thing to do and it's the only times all of your college friends will be in one place.
Go on all of the bachelor parties you can, and if a buddy asks you to play golf, do it.
You make enough money to afford those things, and any of them may be memorable in however many years.
Posted on 7/18/21 at 1:00 am to Mingo Was His NameO
Agree witht this too. You'll cherish memories the most, so doing things with close friends and family is key. But those things can be expensive, so set your priorities correctly so you can afford those things.
Also, invest in fitted clubs if you are a golfer. I got a fitted driver recently - it was very expensive - but I am now getting career lows on the golf course. Call it my one expensive hobby, but I feel infinitely better leaving the course after I play exceptionally well and it re-energizes me for the next week of work.
If you're not a golfer, invest in things that will make you enjoy your chosen hobby(ies). Better fishing rods/reels, superior guns, etc. Just don't go overboard with it.
Also, invest in fitted clubs if you are a golfer. I got a fitted driver recently - it was very expensive - but I am now getting career lows on the golf course. Call it my one expensive hobby, but I feel infinitely better leaving the course after I play exceptionally well and it re-energizes me for the next week of work.
If you're not a golfer, invest in things that will make you enjoy your chosen hobby(ies). Better fishing rods/reels, superior guns, etc. Just don't go overboard with it.
This post was edited on 7/18/21 at 1:02 am
Posted on 7/18/21 at 8:20 am to Roux57
Best advice. Don't get married before you are 30 and dont have kids until your 35
Kidding kinda. Some solid advice from other posters though.
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