5  Things 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.

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

5 Great Financial Insights

Index Funds for Young Investors According to one, they wished they had known about index funds during their twenties. At the time, the best option for them was to invest in mutual funds, which had high costs.

Balance Finances and Fun for a Stable Future One person advises young adults to balance saving, investing, and having fun to secure a stable financial future while still enjoying life.  For them, they preferred traveling vs. buying “stuff,” as well as prioritizing physical fitness to maintain good health.

Avoid Frivolous Spending In hindsight, a user laments spending their hard-earned paychecks on partying and electronics instead of investing in their 401k. Instead, they suggest that young people avoid frivolous spending and focus on building their retirement savings as early as possible.

Stock Investing for Young Investors Looking back, one man wishes he had invested in stocks earlier in life and regrets missing out on the opportunity to buy Apple stock. He admitted to prioritizing a large house over investing and recognizing that he could have made more money by doing the opposite.

Another user wished they had bought more Bitcoin when it was just 0.11 cents. They regretted not investing more in cryptocurrency when it was still in its infancy. They believe they would have made a fortune if they had held onto their Bitcoin and sold it at its peak value of $20,000 per coin in 2017.


Swipe Up

for more finance, business, and real estate advice