AllFinancialMatters » Best Advice http://allfinancialmatters.com A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Mon, 16 Nov 2009 15:58:54 +0000 http://wordpress.org/?v=abc en hourly 1 Your Best Advice for Graduates http://allfinancialmatters.com/2007/05/03/your-best-advice-for-graduates/ http://allfinancialmatters.com/2007/05/03/your-best-advice-for-graduates/#comments Thu, 03 May 2007 17:29:55 +0000 JLP http://allfinancialmatters.com/2007/05/03/your-best-advice-for-graduates/ It’s May and that means graduation for lots of schools across the country. In the spirit of graduation and new starts, I thought it would be fun if we all offered our best advice to this year’s graduates.

What is one piece of advice or life lesson that you have for this year’s graduates (both high school and college)? It can be related to personal finance or life in general.

Here’s mine:

Prioritize your finances. Sit down with a pen and paper and write out all your financial needs and wants and then prioritize them. Work on the most important ones first. Even though you are only in your early 20s, make retirement planning one of your first priorities. Start your 401(k) or Roth IRA as soon as possible. Also, have a debate with yourself about the importance or necessity of each major purchase. Heed this advice and you’ll most likely be a happy camper 5, 10, 15+ years down the road.

Now it’s your turn. What’s your best advice?

Advice From Other Bloggers:

NOTE TO BLOGGERS: If you would rather write about this topic on your blog, do so and send me a link and I’ll link to it from this post.

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