- When you are in school, money is more valuable than time.
- After graduating and starting your career, time is more valuable than money.
- Don't scrimp on your mental health and physical health. Sometimes, you just need to re-energize and do absolutely nothing.
- Keep only one credit card. You can have backup card, but don't use it. Pay the credit card off every month and don't carry a balance.
- For the average person, cars and automobiles are an endless financial headache. Buy a reliable car that doesn't break down. People who buy expensive cars to show off are throwing their money in the dust bin.
- Take advantage of your employer's 401K match. It is literally free money. Put it all in an index fund that mirrors the S&P500 for example.
- Buying a house is the American dream, however beware of some of the gotchas. Be careful of HOA dues which can be expensive. Also beware of expensive repairs to HVAC, foundations, and roofs. Also watch out for issues your realtor will never tell you, like potential flooding and (lack of) cellular/internet providers in your area. Also most Home Warranties are worthless.
- Once you have children, you should buy term-life insurance policy in case you die. I bought a 50 year term-life policy that is independent of my employer and the monthly payment amount is locked in.
- When you are in school, money is more valuable than time.
- After graduating and starting your career, time is more valuable than money.
- Don't scrimp on your mental health and physical health. Sometimes, you just need to re-energize and do absolutely nothing.
- Keep only one credit card. You can have backup card, but don't use it. Pay the credit card off every month and don't carry a balance.
- For the average person, cars and automobiles are an endless financial headache. Buy a reliable car that doesn't break down. People who buy expensive cars to show off are throwing their money in the dust bin.
- Take advantage of your employer's 401K match. It is literally free money. Put it all in an index fund that mirrors the S&P500 for example.
- Buying a house is the American dream, however beware of some of the gotchas. Be careful of HOA dues which can be expensive. Also beware of expensive repairs to HVAC, foundations, and roofs. Also watch out for issues your realtor will never tell you, like potential flooding and (lack of) cellular/internet providers in your area. Also most Home Warranties are worthless.
- Once you have children, you should buy term-life insurance policy in case you die. I bought a 50 year term-life policy that is independent of my employer and the monthly payment amount is locked in.