In this video we discuss 20 money mistakes to avoid in your 20s! Your 20s are a time when you start earning more income than you've ever earned before in your life, and with that comes a lot of responsibility. With proper goals, discipline, and planning, this video will show you EXACTLY what money mistakes to avoid in your 20s.
1. Don’t spend more than you make 2. Not tracking your money 3. Not setting financial goals 4. Living off of credit cards 5. Not having an emergency fund 6. Telling financial lies 7. Not taking advantage of free time to earn more. 8. Putting off savings for retirement 9. Not taking calculated risks 10. Allowing college expenses to balloon. 11. Paying off the wrong debts first 12. Not building credit 13. Not checking your credit scores regularly 14. Going into car debt 15. Careless spending 16. Not having renters insurance 17. Not having health insurance 18. Not discussing finances w/significant other 19. Going into debt for a wedding 20. Starting a family without a financial plan.
Actionable Items
I started from 20s until in 2019, I did not track my money. I did not save all statements every month every year.
I did not take calculated risks from 2009 to 2018 December. I did not make any single investment in 10 years.
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