In college I never had to worry about the costs of my schooling. Mom and Dad paid for my tuition, room and board, books and snacks. They even covered the gas I used in Dad’s truck. They even gave me an allowance. Yes, they even gave me an allowance.
With my expenses taken care of, I was able to use the money from my part-time jobs on clothes, cosmetics, evenings out. Did I mention clothes and cosmetics? Did I mention blue eye shadow? Red nail polish? Salads at Pizza Pete’s?
I could not spend my money fast enough. By my 21st birthday, I’d acquired an expensive taste in (did I mention?) clothes and cosmetics. Did I mention blue eye shadow? Red nail polish? Salads at Pizza Pete’s?
And by my 21st birthday, I had credit cards! Yep, the buy now-pay later bane to sensible living.
Over the years I have spent and spent and spent. I have transferred balances. I have paid off balances only to acquire new balances. It’s scary to think that some of those Nordstrom purchases from back in the day might still be somewhere on a card. Clothes and cosmetics! Yikes!
Spend less than you make. Keep it that simple. And should you have discretionary income: invest in your future, a fancy way of saying, you don’t need more blue eye shadow and red nail polish. But soon you will hear the names, Microsoft and Apple, tech companies that will change the world in ways we couldn’t even imagine in college. Those nerds in the basement of the library, they’re onto something. You’ll hear about a small company called Amazon that sells books. People will wonder if they’ll ever make a profit. Trust me. They will and change the world in ways we couldn’t even imagine in college. And then there’s Costco, a large warehouse store that will have lots of clothes and cosmetics. Buy the shares, not the oversized lots of goods.
Remember: Today’s lesson, today’s experience, even today’s misstep can become tomorrow’s wisdom. And we all benefit from wisdom ~ yours, mine and ours.