17 Things We Wished Someone Would Have Told Us After Getting Our First Job
Have you ever said to yourself, “I wish someone would have told me about that before I did it!” And, “I can’t be the ONLY one to make THAT mistake with my money!”
Well, the reason why they call me the Money Smart Guy, is I’ve had my share of money DUMB mistakes personally! On-air and through my blog, I air out my own personal financial challenges with money so you can be much more smarter than me!
However, last week, I asked many of our listeners who were fans of our financial talk radio show via Facebook, to share their pearls of financial wisdom and give us a nugget to take home. In their best efforts to pay it forward, we’ve collected some of the responses from our fans to this question, “What is the ONE THING you wished someone would have told you after getting your first job?”
There were many people who had jobs in their early teens and there were many whose first job with either during or after college. Their answers may just intrigue you!!
If you haven’t already, please join us today on our Facebook and Twitter pages!
Have you ever said, "Why did I do that for?"
Here’s what many of them had said…and please, join the conversation and add your own “Wish Someone Would Have Told Me” suggestion in the comment section below!
Pay yourself first – as in saving and then investing, and don’t live above your means – as in not going into debt if you can’t afford to pay for it
Open a savings account, save for the future. Im still struggling to do that because I wasnt disciplined when I was younger but its never too late.
To start saving for retirement right away. To open a Roth IRA and max it out, max out my 401k, and then save for a future house.
That once you have it you become more attractive! 
the near death strike of compound interest when it’s working against you!!! somebody should have said something!!
How well it grows when you don’t spend it.
How to make $10 million in under 1 hour
7th grade paper route, DO NOT BORROW IT TO YOUR OLDER FRIENDS ! THEY WILL NEVER PAY YOU BACK! Keep up the great work Matt! SUCCESS!! MATT, THAT WAS $76 A MONTH!
Not to go into debt buying furniture and other stuff. Buy a used car instead of a new car. Start saving as soon as you can. Live below your means.
How to grow more on trees:) LOL! Seriously Matt, I wish they would have told me that I could create multiple income streams.
I wish I was told how important it was to save the present income for future wants. Like for college, marriage, children,etc.
Invest it in something that will flip my money. I put my money into some things that did not work.
To live on 3/4th of my income & invest the rest. Buy my home with as much down as possible, for the shortest term possible with a goal of paying it off.
That Credit isn’t really FREE!
To invest first and spend what’s left. And to buy a home with as little down, with the longest term, and a goal of never paying it off, because IRS sect 163 says mortgage interest is tax deductible, cash is king, and arbitrage is not just for the bank. Oh, and to find a financial strategist that practices modern strategy, and who also reminds me of Will Smith. (<———Hahaha! Thanks Arnel!)
how much to save and where to save it to make the most interest.
And here’s mine…
don’t co-sign a loan for someone unless you are ready to take on the full loan payments yourself!
Interesting how most of these financial tips are surrounded around these:
1) Don’t spend more than what you make
2) Building and protecting your credit is soooo important!
3) Don’t spend money on things foolishly just to satisfy a, “I deserve this” moment
4) Build an additional or multiple stream of income (in case you get laid off or business hits a downturn)
5) Put compound interest to work FOR you (saving and investing), instead of against you (credit cards and personal loans)
What’s your nugget of financial wisdom you’d like to share? Take ten seconds and drop it on the comment section below!
Have you faced a financial “DUH” moment yourself and would like a free 30 min financial review with a Money Smart Coach? Be sure to subscribe to our blog AND email us: info@moneysmartradio.com
