young adults

University of Essex . / FlickrR.com https://tinyurl.com/y5eqvgys

We’ve just graduated a fresh crop of high schoolers and college students. This time of year, I’m often asked the best way for a young person to get a solid start financially. 

Here are four rules any young person can follow to get off on the right foot:

1. Control yourself. The first step in getting a healthy financial start is habits. Habits are a lot like getting in good physical shape. The hardest part is the beginning. There’s a lot of pain, agony and discomfort. But after the initial phase, you notice it gets easier and easier. 

Path to Money Maturity

Jun 27, 2018
Tiz / Flickr.com https://tinyurl.com/y9vsgoof

I could summarize a question (often asked in the form of a complaint) that I get over and over again – how do I instill money maturity in my children?

Based on what I’ve seen so far, the only perfect kids are grandkids. And I’m pretty sure no one has come up with a failsafe plan for how to raise those.

But I do believe if you at least know what you want, you know where to focus your efforts. So here’s my two cents on the path to maturity in life. And the ripple effect of this maturity will not only be felt financially, but also in every other area of life.