5 Great Financial Insights: What You Wish You Did in Your Twenties?

Many of us make financial decisions in our twenties that we may regret. Whether it's failing to save for retirement, investing in the wrong assets, or simply spending too much on frivolous things, it's easy to make mistakes that can set us back financially.

In this article, we share ten great financial insights from various folks.

Recently, in an online discussion, many people shared their mistakes in their early 20s as a warning for others to avoid them.

Choosing the Right Major for Maximum Earning Potential

With hindsight, an individual wishes they had pursued their computer science or electrical engineering education earlier in life, recognizing that it would have led to higher wages.

Do not try to stock pick and time the market. A user warned, “I lost a ton from trying to ‘get rich quick.'” They continued that they should have bought index funds and let it ride.

Timing the Market

Recognizing the importance of sufficient sleep for good decision-making, mental acuity, and overall health, one person wishes they had slept more in their twenties. 

Sleeping More for Financial Success

Had they known about Individual Retirement Accounts (IRA) during their college years, this user believes they could have achieved financial independence and retired early.

Benefits of IRAs

Finally, one wishes they had picked a well-paying career path in their early 20s and committed to it rather than waiting until their late 20s to get serious about their finances.

Picking a Well-Paying Career Path Early

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