{"id":1805,"date":"2015-02-10T12:36:50","date_gmt":"2015-02-10T20:36:50","guid":{"rendered":"http:\/\/www.cultofmoney.com\/?p=1805"},"modified":"2016-02-17T09:43:24","modified_gmt":"2016-02-17T17:43:24","slug":"six-financial-lessons-i-learned-in-my-twenties","status":"publish","type":"post","link":"https:\/\/www.cultofmoney.com\/six-financial-lessons-i-learned-in-my-twenties\/","title":{"rendered":"Six Financial Lessons I Learned in My Twenties"},"content":{"rendered":"

\"I've<\/a>\u00a0My twenties are quickly coming to an end. It\u2019s hard to think that I\u2019ll be thirty soon but the truth is that day is right around the corner.<\/p>\n

Looking back over the last ten years there were many things I did right and a lot of things I did wrong! These are the six most important things that I\u2019ve learned about money in my twenties.<\/p>\n

Money is a Tool \u2013 Nothing More, Nothing Less<\/h2>\n

The most important thing I\u2019ve learned over the past ten years is that money is simply a tool<\/a>. It\u2019s nothing more it\u2019s nothing less.<\/p>\n

Having money isn\u2019t what makes you happy. However, managing your money in a way that aligns with your personal goals can bring true happiness. On the flipside mismanaging your money and living paycheck to paycheck can make you miserable.<\/p>\n

Keeping Up with Joneses is a Trap<\/h2>\n

Spending money to impress other people and feeling the need to keep up is one huge money trap and only leads to irresponsible spending and stress.<\/p>\n

If you scroll through your Facebook feed you can easily see how this can be a problem. You need to nip this in the bud and concentrate on what will make you truly happy. Don\u2019t worry about what everyone else is doing.<\/p>\n

Consumer Debt Isn\u2019t Worth It<\/h2>\n

While this is similar to the \u201ckeeping up with the Joneses\u201d I wanted to reiterate just how stressful taking out consumer debt really is.<\/p>\n

Having payments for stuff that you once thought you needed, but no longer care about, will bring so much stress to your life. Avoid consumer debt like the plague.<\/p>\n

Investing Is Easier Than You Think<\/h2>\n

It is so important to get started investing at a young age but most people avoid it thinking that it\u2019s too complicated. The truth is investing is only as complicated as you want it to be.<\/p>\n

In the day and age we live in saving and investing for retirement really only takes a couple of clicks. There\u2019s no reason not to invest \u2013 even if you can only start with $20 a month.<\/p>\n

You Need Solid Financial Goals<\/h2>\n

Without solid financial goals you won\u2019t be able to really optimize your finances.<\/p>\n

When you have nothing that you are working toward it doesn\u2019t really matter what you do with your money. I can look back over the last ten years and see that the times I didn\u2019t have concrete financial goals were the times where I poorly managed my money.<\/p>\n

Make sure you have goal that matter to you!<\/p>\n

There\u2019s Always Something to Be Learned<\/h2>\n

When it comes to money there\u2019s always something to be learned and continuing education is important! It\u2019s funny though, financial lessons can come from the places you least expect.<\/p>\n

So while continuing to learn how to better manage your money is crucial that doesn\u2019t mean you have to dish out big bucks for fancy seminars or programs. Just be aware of the financial lessons all around you.<\/p>\n

Those are my main financial takeaways from twenties. Hopefully I can report to you in another ten years and let you know the lessons the next decade brings!<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0My twenties are quickly coming to an end. It\u2019s hard to think that I\u2019ll be thirty soon but the truth is that day is right around the corner. Looking back over the last ten years there were many things I did right and a lot of things I did wrong! These are the six most […]<\/p>\n","protected":false},"author":3,"featured_media":1806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[456,305],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1805"}],"collection":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/comments?post=1805"}],"version-history":[{"count":0,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media\/1806"}],"wp:attachment":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media?parent=1805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/categories?post=1805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/tags?post=1805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}