I feel it is an obligation for any older folk to pass wisdom to those not-in-the-know of things regarding life. Some people are born directionless and they get lost in their lives and before they know it, they’re knee-deep in debt, they’re in awful minimal-wage jobs, they make poor decisions regarding their love lives .etc
I have several and my more prominent one is;
- Know Your Numbers
This is a key and must-have piece of knowledge. You must know your numbers. How much you’ll earn a month, how much your expenses are, how much is in your bank account, interests and much more. I don’t care if you’ve hated math growing up, you will need to know this. Because going off on guesswork and estimations, only gets you so far before you slip up. Once you slip up financially, missing a payment, you will fall behind faster than you’ll get back ahead or break even. As someone said, everyone is one car repair or medical emergency away from being in poverty.
- Do not get kids in your teens and 20s
Your teenage and young adolescent years, are better spent figuring out who you are and what you want to achieve. Recklessly getting kids with someone who you thought you loved or poor planning are reasons people end up paying child support and having to go to family court and having to deal with custody battles for the rest of their lives. Supporting a kid is $250k PER child, that’s the average, moreso because of the economy. Is it really worth the few minutes of sex at all for that expense?
- Avoid Jail
Going to jail, over anything, is a bad setback to have in life. If you think finding a job is hard normally with the way the job market is, it’ll be twice that if you have a criminal record. That is just shit not a lot will be ignored.
You’ll lose time, you’re likely to lose any jobs you’ve had at the time of going to jail, you may polarize family and friends even. It’s just not worth it, regardless. The more times you end up in jail too, consider your life over.
- Thrift and Thrift Away!
Thrifting can be a dirty word to some who prefer to get things new, which I understand. But it is a money-saver in the long run. For example, my apartment is 85% of thrifted items and I have a hard time recalling anything I’ve spent more than $10 for, aside from select things I bought new because I wanted them new, like some appliances.
Just try not to be a hoarder if it can be helped.
Put effort into finding someone as a romantic / life long partner while you’re young. Be critical and aggressive in the search (ie. don’t just “be open and let things happen if they happen!”).
Most of the systems and life goals of society are tied to having two people or more in the family unit. Ideally aim for a partner that has similar economic outcomes as yourself, or at least positive ones overall, and who’s personality is tolerable / you can see yourselves staying friends indefinitely. If you’re a reclusive sort, find someone else who also values their space but is still willing to comingle finances/lives. Doing this young is important as there are more options and it’ll generally be easier to find people that ‘fit’ with your lifestyle. Finding someone close to you in age also helps to keep your life-events (such as whether to have kids, when to retire, etc) better aligned.
Everything from paying off mortgage debt, to income tax breaks, to even just having a secondary “fail safe” income stream from your partner, are really significant. Heck, with the right partner you even cut down the costs of things like Groceries (can buy in bulk = savings), chore-times, etc.
The younger you get that leverage, the better the results later on. Consider something like the time crunch many adults feel, between work, chores, sleeping, etc. If you have a solid partner, you can do something like alternate chores and workouts, so that you both maintain better overall health as you age. Eg. one partner does a workout while the other buys groceries/cooks, then the first partner does the cleanup and some light cleaning around the house while the other hits the gym. Having that sort of balance in your 20s / early 30s, will give you a better chance of maintaining your health into your 40s and 50s. There’re good reasons why single people die younger.