"I wish I’d learned this 10 years ago."
That is the most common sentiment I hear from our students.
See, a few years ago, I started a financial education platform to help people take control of their finances. Today, hundreds of people have transformed their financial lives through SkilledSmart’s Mastering Money program, and the majority of them are millennials.
Watch: The five money lessons your parents told you, that you should probably forget. Post continues. below.
Most of our students come to us with little or no prior knowledge of finance, and many of them have spent years trying to 'figure it out' with no real progress.
So you can imagine the excitement when they start saving and investing tens of thousands of dollars, and start feeling confident and in control of their money for the first time in their life!
But this excitement often comes with the awareness of how different their life could be today if they’d had these skills earlier in life.
So here I’m sharing three of the most common mistakes I see people making in their 20s, in the hopes that maybe you won’t have to say "I wish I’d known this earlier."
1. Waiting for a 'real job' to start caring about your finances.
Guess what? There’s no such thing as a "real job".
Your job as a cleaner or dog-walker or babysitter is just as valid as whatever career you’re working towards in the future.
It’s easy to fall into the mindset that what you’re doing right now “doesn’t really matter”, it’s not “who you really are”, it’s just something you’re doing “to get by, in the meantime.”