Know Your Numbers - This is my most important key advice I’ll ever give to anyone. You need to know your numbers, in anything. You need to know how much you’ll earn, you need to know your total expenses, you need to apply mathematics to make sure you are in the clear. You never, ever, want to guesswork numbers because not everything is going to fall into place as you’d like. You could be off a few hundred and you’ve been spending your money gleefully and now you suddenly are in a jam of choosing between rent, car payment, food or whatever.
You never want to be in that situation. Do not spend more than you earn. Budgeting is important. Knowing what you’re comfortable living with and live by your means.
Thrift and Thrift Away! - Thrifting can sound like a dirty word to those who prefer to buy everything new and I totally understand. But you can’t entirely ignore it either because it is a money-saver in the long run. 85% of the things in my apartment are thrifted items and I’ve saved so much money and still do to this day whenever I go out.
You just need to set yourself up some rules as to what you’re comfortable getting used from what you’re comfortable getting new.
Ignore the Rat Race - Getting too caught up in what people have more of than you and how luxurious and seemingly enjoyable their life is compared to yours is a trap of itself. It makes you not appreciate what is around you and enjoy what you’ve gained, you’ll be wanting what they have and thus will almost do anything to get it.
Don’t get the impression that you should be happy being rock bottom or twist it that way. The point is, the Rat Race lifestyle is a destructive lifestyle. It just destroys your meaning of life by pasting over an idealistic life of another’s.
Do Not Get Children in your Teens/20s - Just don’t. It is not worth it and I’m proud to not ever have done this but damn did I get close to. A child, on average, costs $250k to raise from birth to age of 18, maybe more depending on how much is spent on them. Not a lot of people are that ready as they tell themselves when it comes to getting a kid in this stage, it is all just peer pressure.
Plus, the economy is like not at its best anyways, do you think it is now a good time to have a kid? People underestimate so much about children and what it takes to raise one. They are not pets, they are not things you can just simply sit and forget about (people have gone to jail and gotten charged for child neglect this way).
And no, it is not easy to retain your previous lifestyle, it becomes more impossible if you even bother getting more kids. But people do try and they don’t look real good in doing it.
Case and point, you have a young life ahead of you, full of ambition, potential and capability. It would be much wiser to build a foundation that is a career, net a secure and high-earning job and then see where you are before wanting kids.
Stay out of Jail One of the last things you want to have on any record of yours is that you’ve been charged with something and went to jail over it. A criminal record could likely but will destroy your life and it is not worth screwing around to find out how bad for experimental purposes. If people think finding a job in a competitive job market is bad, they won’t know how hard it really is if they’ve got a criminal history on their record and trying to find a job.
And in worse cases, the more crimes you rack up, you mind as well as declare your life being over. Because you lose time while incarcerated, you’re probably going to be chipping at a mountain of debt that are in the forms of bonds and legal fees. Not to mention how much of your reputation is going to be dragged through the mud during all of this because you’re just going to simply be a name tossed around in a state system.
By the time you’re eventually released from prison, you are going to be lost, you’re going to be out of touch with who you formerly were in contact with and you’re going to be tied down with whatever bond/probation conditions you’re tied down with.
Do a ‘Smart Quit’ A Smart Quit is when you’ve lined up a job underneath where you’re currently working and you hop ships. It is never a good idea to quit a job cold, especially if you’re out on your own. Because that euphoric feeling of qutting a job you absolutely hated working at, is going to wash away and be replaced with worry about how you’re going to have to uphold your expenses. Then you’ll be fumbling and have to tap into your savings, the same savings you probably been working to stash for big plans or whatever.
You can only afford to quit jobs cold if you live with parents or a very caring roommate/friend that you live with that acknowledges that you’re going to try something else. By the way, it is more wise to quit jobs if you’ve been with them after 1 ~ 2 years. If you keep quitting jobs after a few months or weeks, you’re going to have people interviewing you who’re going to think yo
Know Your Numbers - This is my most important key advice I’ll ever give to anyone. You need to know your numbers, in anything. You need to know how much you’ll earn, you need to know your total expenses, you need to apply mathematics to make sure you are in the clear. You never, ever, want to guesswork numbers because not everything is going to fall into place as you’d like. You could be off a few hundred and you’ve been spending your money gleefully and now you suddenly are in a jam of choosing between rent, car payment, food or whatever.
You never want to be in that situation. Do not spend more than you earn. Budgeting is important. Knowing what you’re comfortable living with and live by your means.
Thrift and Thrift Away! - Thrifting can sound like a dirty word to those who prefer to buy everything new and I totally understand. But you can’t entirely ignore it either because it is a money-saver in the long run. 85% of the things in my apartment are thrifted items and I’ve saved so much money and still do to this day whenever I go out.
You just need to set yourself up some rules as to what you’re comfortable getting used from what you’re comfortable getting new.
Ignore the Rat Race - Getting too caught up in what people have more of than you and how luxurious and seemingly enjoyable their life is compared to yours is a trap of itself. It makes you not appreciate what is around you and enjoy what you’ve gained, you’ll be wanting what they have and thus will almost do anything to get it.
Don’t get the impression that you should be happy being rock bottom or twist it that way. The point is, the Rat Race lifestyle is a destructive lifestyle. It just destroys your meaning of life by pasting over an idealistic life of another’s.
Do Not Get Children in your Teens/20s - Just don’t. It is not worth it and I’m proud to not ever have done this but damn did I get close to. A child, on average, costs $250k to raise from birth to age of 18, maybe more depending on how much is spent on them. Not a lot of people are that ready as they tell themselves when it comes to getting a kid in this stage, it is all just peer pressure.
Plus, the economy is like not at its best anyways, do you think it is now a good time to have a kid? People underestimate so much about children and what it takes to raise one. They are not pets, they are not things you can just simply sit and forget about (people have gone to jail and gotten charged for child neglect this way).
And no, it is not easy to retain your previous lifestyle, it becomes more impossible if you even bother getting more kids. But people do try and they don’t look real good in doing it.
Case and point, you have a young life ahead of you, full of ambition, potential and capability. It would be much wiser to build a foundation that is a career, net a secure and high-earning job and then see where you are before wanting kids.
Stay out of Jail One of the last things you want to have on any record of yours is that you’ve been charged with something and went to jail over it. A criminal record could likely but will destroy your life and it is not worth screwing around to find out how bad for experimental purposes. If people think finding a job in a competitive job market is bad, they won’t know how hard it really is if they’ve got a criminal history on their record and trying to find a job.
And in worse cases, the more crimes you rack up, you mind as well as declare your life being over. Because you lose time while incarcerated, you’re probably going to be chipping at a mountain of debt that are in the forms of bonds and legal fees. Not to mention how much of your reputation is going to be dragged through the mud during all of this because you’re just going to simply be a name tossed around in a state system.
By the time you’re eventually released from prison, you are going to be lost, you’re going to be out of touch with who you formerly were in contact with and you’re going to be tied down with whatever bond/probation conditions you’re tied down with.
Do a ‘Smart Quit’ A Smart Quit is when you’ve lined up a job underneath where you’re currently working and you hop ships. It is never a good idea to quit a job cold, especially if you’re out on your own. Because that euphoric feeling of qutting a job you absolutely hated working at, is going to wash away and be replaced with worry about how you’re going to have to uphold your expenses. Then you’ll be fumbling and have to tap into your savings, the same savings you probably been working to stash for big plans or whatever.
You can only afford to quit jobs cold if you live with parents or a very caring roommate/friend that you live with that acknowledges that you’re going to try something else. By the way, it is more wise to quit jobs if you’ve been with them after 1 ~ 2 years. If you keep quitting jobs after a few months or weeks, you’re going to have people interviewing you who’re going to think yo