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Recommendation's for the young-un's

aircooled

aircooled

Lifer
OK...... your over 30, you learned your lessons the hard way. What do you recommend for the younger folks??????

I'll start with a financial one. Start your IRA, or 401K as early as possible and don't touch it!!!!!! (I wish I had all of my lost decade in my 401K, I was 30 before I started one and would have so much more if I did it in my early 20's) Oh well... live and learn.

What's your advice to these whipper-snappers???

 
I think trying to teach young people the way to live won't really help them. The reason we know is because we made our own mistakes and gained experience. They'll have to make their own mistakes and gain experience also.

If I were to go back in time and tell my younger self what I know now, I probably wouldn't have believed it. People need trial and error.
 
It's not the situation creating your stress, It's your thoughts. And you can control your thoughts right here and now. Take control of your mind and everything else will follow.
 
Originally posted by: Mookow
Humans hardly ever learn from the experience of others. They learn -- when they do, which isn't often -- on their own, the hard way.
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Somehow I doubt that is true. Did you learn to read or write on your own? Do you find out what is going on in the world by seeing it in person? Did you learn how to ride a bike on your own? did you learn how to drive on your own? did you learn how to brush your teeth on your own? Most things in life we learn from others.

Best advise I can give to the under 30 crowd is pay attention to others. It never hurts to understand how others see things
 
Don't touch your 401K and IRA? WTF? The market fluctuates and will take all your money. 401K and IRA has nothing to do w/ why you don't have any money saved up, don't make things up.
 
Don't take out long term loans on expensive new cars, they wear out & really don't change your life.

Buy a used car & wear it out, your last trip with it should be to the salvage yard.

Don't sell your soul to the company store, they'll use you up & spit you out.

Call in sick more often.

Find that delicate balance between being assertive enough to make your opinion heard, but not get fired for it.

Listen to office gossip & believe some of it, don't spread it though.

Find a mentor for your work life & one for your personal life.

Don't get married without a pre-nup or a post nup.

Most marriages end up in divorce, be careful who you make babies with & who you go into debit with.

Shred your credit cards.

Call your parents, if you don't get along with them, make the effort to do so, if they die without making peace with them, you get to live with the guilt forever.

Everybody dies.

Become active in your community or church.

Stay in school & try not to get married too young. It's really hard to balance school and a home life & a job all at the same time.

Drugs get you through times of no money better than money gets you through times of no drugs.

 
Originally posted by: Baked
Don't touch your 401K and IRA? WTF? The market fluctuates and will take all your money. 401K and IRA has nothing to do w/ why you don't have any money saved up, don't make things up.
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There's a difference between monitoring the investments in your 401k and IRA and taking money out. Don't ever take out money from 401k or IRA unless you are absolutely in dire straits/on your absolute last leg. I think that is what the OP was suggesting along with his general emphasis on saving money as early as possible.
 
Originally posted by: 91TTZ
I think trying to teach young people the way to live won't really help them. The reason we know is because we made our own mistakes and gained experience. They'll have to make their own mistakes and gain experience also.

If I were to go back in time and tell my younger self what I know now, I probably wouldn't have believed it. People need trial and error.
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Yes people won't do as you tell them until they've experienced the harsher side of things. This statement applies mostly to people in their teenage/early adulthood years. The young punks(like me 😉) feel that nobody can tell them what to do and because of that they suffer in more ways than one. Listening to an experienced adult and following their advice is the best way to go but ,unfortunately, young people feel that they know more about life than those who lived 50 or 30 years and made the same mistakes the young people will, eventually, make.
 
Originally posted by: Adica
It's not the situation creating your stress, It's your thoughts. And you can control your thoughts right here and now. Take control of your mind and everything else will follow.
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I cannot possibly fathom a stronger or more profound truth than this.

Well said.
 
Don't let women rule your every waking moment. Concentrate on improving yourself on the inside first and then the outside. Don't be a pushover wuss. Get your carreer going and some money coming in. Women come along by themselves once you've done those things.
 
Originally posted by: Baked
Don't touch your 401K and IRA? WTF? The market fluctuates and will take all your money. 401K and IRA has nothing to do w/ why you don't have any money saved up, don't make things up.
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I understand your logic, (and you are correct) but for the general public in their early 20's, starting an IRA early and forgetting about it is a good thing...
 
Don't save money kids... its an idea whose time has passed. Placing your finanical well-being in the hands of the whims of the stock markets is a tremendously bad idea. What happens if (or more likely, when...) the market crashes 40 years from now and that $2.2 million you have in your IRA or 401k becomes $300,000? You may be holding on to that job longer than you thought. No rich person ever became more wealthy by putting his money in the stock market, leaving it there for 30 years, and then cashing out.

I won't go into financial specifics here because most people are going to disagree with me, or call me unrealistic, or a number of other scenarios, but if you're curious how in less than two years I went from making the salary of an E-4 in the U.S. military to making more than the salary of an E-9 on a monthly basis with almost no direct work on my part, feel free to PM me and I'll tell you the same things one of my shipmates told me two years ago.
 
Originally posted by: 91TTZ
I think trying to teach young people the way to live won't really help them. The reason we know is because we made our own mistakes and gained experience. They'll have to make their own mistakes and gain experience also.

If I were to go back in time and tell my younger self what I know now, I probably wouldn't have believed it. People need trial and error.
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Some more than others. One of my successes is that I do in fact learn from others, which is why my life is far and away better than most, because unlike the other idiots around me who insist on making their own mistakes, I have learned from others. People all are morons, to varying degrees, and the ability of a person to learn from another's mistakes without having to make it themself is a good indicator of it.
Don't save money kids... its an idea whose time has passed. Placing your finanical well-being in the hands of the whims of the stock markets is a tremendously bad idea. What happens if (or more likely, when...) the market crashes 40 years from now and that $2.2 million you have in your IRA or 401k becomes $300,000? You may be holding on to that job longer than you thought. No rich person ever became more wealthy by putting his money in the stock market, leaving it there for 30 years, and then cashing out.

I won't go into financial specifics here because most people are going to disagree with me, or call me unrealistic, or a number of other scenarios, but if you're curious how in less than two years I went from making the salary of an E-4 in the U.S. military to making more than the salary of an E-9 on a monthly basis with almost no direct work on my part, feel free to PM me and I'll tell you the same things one of my shipmates told me two years ago.
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I want to cut my wrists after reading this two paragraphs of total fabricated garbage.
 
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