It might be weird (ok, I know it’s weird) – but
I really like reading books about how to succeed at college. Yes, I know that it’s too late, but it’s
so fascinating. Even if all I can do is look back and re-frame my college
experiences, I now know something more, something that will be useful at some
point in my life. I can honestly
say that I don’t think I’ve ever read anything that hasn’t proven useful in
some way. There are conversations
or nights out that I’d totally time-travel back and avoid altogether. Some people that my life would’ve been
better without. Even class sequences
I probably should have avoided (I’m look at you, Real Analysis). But I’m having a love affair with
reading, and there’s no end in sight.
I picked up Cal Newport’s ‘How to Win at
College’ (because winning is awesome), where he’s assembled 75 things to do in
college in order to succeed and be awesome. I have rule 14 (never take a nap) in the bag – for once not
being able to fall asleep if it’s light out has alleged value. I fail so hard
at rule 24 (dress nicely for class).
Puh-lease, the best part about school was that I could be un-showered,
wearing sweatpants AND a sweatshirt, and there would still be someone who
looked worse than me. (The
professor, of course. ;))
In the spirit of rules for succeeding at
college, I wanted to come up with a list of things I would have done, were I an
omniscient being, with regards to personal finance, to end up in a position of total
comfort & confidence in my current advanced age. And because I just joined twitter & am learning to be
pithy (so hard), there is only one.
1) Opened up a Roth IRA when I first started
working in high school. You can
contribute to a Roth if you make any income (where contribution <
min(5K,your earnings)). If I had
just put in $50 a month, I would have had by now … not that much money, but I
would already have a retirement account!
Figuring out where to start is the worst. My parents could have contributed money as well, and as a
college graduate, I wouldn’t be pee-in-my-pants terrified of investing, like
some of my peers. (Seriously, I’ve
read articles about Millennials who keep their 100K+ assets in cash/CDs only –
I don’t want to be the person to tell y’all about inflation and break your
hearts.)
Looking back at my attitudes towards money as a
teenager, the super hilarious/ironic thing is how lame I thought my parents
were for not wanting to spend money, buy me things, and go out for
dinners. Seriously, my parents
were never down to grab dinner out if we spent the day shopping, opting always
to wait half an hour until we got home to eat (while I always claimed to be
dying of hunger on the way home & tried unsuccessfully to manipulate my
parents to get what I wanted). Now,
I’m excited to have a foldable water bottle so I never have to pay for
water. I regularly wait 19 minutes
for the metro because paying $10 for a cab seems so unnecessary. I generally think that people who don’t
spend money are pretty badass.
Fess up: are you
pee-your-pants afraid of investing?
And can I get an amen for how awesome jobs/careers that allow you to
wear sweatpants (or no pants) are?
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