Life Lessons 7 Things I Wish I Knew When I was 22.
There are specific life lessons you need to learn the very difficult way, but they are things that I wish someone had simply told me. Study from my errors and save time, cash and aggravation.
1. Accepting employment present without negotiating is similar to paying car or truck on an automobile.
Instead of negotiate my beginning salary within my first few jobs, I thought it had been easier to first demonstrate my enthusiasm and worth, and negotiate a raise down the road. Don’t do this. Annual raises are usually a percentage of the salary, therefore incremental negotiation at the front end end will pay when it’s time for you to negotiate a increase. Anxious about negotiating? Here’s some tips from our CEO.
2. Learn how to recognize good personal debt from bad.
Not all personal debt is established equal. Throughout university in order to avoid spending a lot more than I had fashioned, I covered almost everything utilizing a debit cards. What I didn’t understand is that dealing with debt may be the just way to develop credit. Therefore, while I graduated without personal credit card debt, I had been stuck with an extremely thin credit history, which made obtaining a flat and a minimal interest credit cards much more challenging.
Debt isn’t necessarily poor. Having some personal debt and demonstrating a continuing capability to make on-time payments can help make borrowing profit the future a lot more affordable. The task with debt can be learning how to differentiate the good from bad and then wisely managing the money you are doing borrow. Before making a big purchase, ask yourself: will this likely to enhance my career or funds? If the solution is yes, then it is probably good personal debt. If not, then it is probably bad personal debt. But keep in mind that even good personal debt has its limits.
3. Your former ale pong partner is now your recruiter.
70% of all jobs are found through networking. Your friends and colleagues are your best headhunters. It’s easy to think that your associations are evergreen, but without effort most of them will fade. Invest time in those associations and be proactive about staying in touch, as it will likely pay off down the road.
4. Your salary affects everything.
Whatever that picture looks like, make sure that your career choices are aligned to match those goals. The choices you make early on in your career have an impact on your long term finances. If you want a big house and lots of children and also you are working at a non-profit, then you probably need to either switch your anticipations or your career.
5. The career ladder is broken.
Forget the idea of getting a job and working your way up. Studies show that the average worker stays at a company for only 4.4 years, which means that millennials will have 10 or more jobs over the course of their working life. The nature of your work and the industries in which you work will change. Embrace change.
6. More school ≠ more money
Many secondary degrees don’t provide a sound ROI. Before going to grad school check the median salary increase and consider the opportunity cost. If you are pursuing an advanced degree outside of STEM, work encounter or taking an online course might show more valuable.
7. Don’t take vacations. Travel.
Traveling-getting outside your comfort zone, seeing new items and meeting fresh people-is a phenomenal expense in your personal development. Traveling is the search for adventure and experiences that make you uncomfortable and excited, which is very different than a vacation where the main objective is definitely to relax and indulge. Vacation when you’re older.