Here is the rest of Baz Lurmann's advice. Wear sunscreen. If I could offer you one tip for the future, sunscreen would be it. The long-term benefits of sunscreen have been proved by scientists whereas the rest of my advice has no basis more reliable than my own meandering experience... I will dispense this advice now. Enjoy the power and beauty of your youth; oh, nevermind, you will not understand the power and beauty of your youth until they've faded. But trust me, in 20 years you'll look back at photos of yourself and recall in a way you can't grasp now, how much possibility lay before you and how fabulous you really looked. You are NOT as fat as you imagine. Don't worry about the future; or worry, but know that worrying is as effective as trying to solve an algebra equation by chewing bubblegum. The real toubles in life are apt to be things that never crossed your worried mind; the kind that blindside you at 4pm on some idle Tuesday. Do one thing everyday that scares you. Sing. Don't be reckless with other peoples hearts. Don't put up with people who are reckless with yours. Floss. Don't waste your time on jealousy; sometimes you're ahead, sometimes you're behind. The race is long, and in the end, it's only with yourself. Remember compliments you receive. Forget the insults. If you suceed in doing this, tell me how. Keep your old love letters. Throw away your old bank tatements. Stretch. Don't feel guilty if you don't know what you want to do with your life. The most interesting people I know didn't know at 22 what they wanted to do with their lives, some of the most ineresting 40 year olds I know still don't. Get plenty of calcium. Be kind to your knees, you'll miss them when they're gone. Maybe you'll marry, maybe you won't. Maybe you'll have children, maybe you won't. Maybe you'll divorce at 40. Maybe you'll dance the funky chicken on your 75th wedding anniversary.... Whatever you do, don't congratulate yourself too much or berate yourself either - your choices are half chance, so are everybody else's. Enjoy your body, use it every way you can... don't be afraid of it, or what other people think of it... it's the greatest instrument you'll ever own. Dance... even if you have nowhere else to do it but in your own living room. Read the directions, even if you don't follow them. Do NOT read beauty magazines they will only make you feel UGLY. Get to know your parents, you never know when they might be gone for good. Be nice to your siblings; They're your best link to your past, and the people most likely to stick with you in the future. Understand that friends come and go, except for the precious few you should hold on. Work hard to bridge the gaps in geography and lifestyle because the older you get, the more you need the people you knew when you were young. Live in New York City once, but leave before it makes you hard. Live in Northern California once, but, leave before it makes you soft. Travel. Accept certain inalienable truths. Prices will rise, Politicians will philander, you too will get old. And when you do, you'll fantasize that when you were young, prices were reasonable, politicians were noble, and children respected their elders. Respect your elders. Don't expect anyone else to support you. Maybe you'll have a trust fund, maybe you'll have a wealthy spouse; but you never know when either one might run out. Don't mess too much with your hair, or by the time you're 40, it will look 85. Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia; dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts, and recycling it for more than it's worth. But trust me on the sunscreen.
I'm thirty. Technically speaking I'm a millionaire. I purchased a 7500 sq ft home last August which has increased in value over 175K in that little bit of time. God bless the sellers market. Anyway I achieved all this just by trading. Started when I was 25 part time. I've traded since 99. Learned more than a library's worth of information. I'm still learning. Anything worth doing is worth the head aches a preperation that must be done to get a end result.
As someone who is folically challenged, I have to disagree with this. Flaunt it while you have it. You never know, if or when, it will no longer be there.
The 1st time I put $10,000 together (lonnng ago), I bought a BMW. Looking back, I wish I'd bought Microsoft stock.
I would save more and invest more. My goal in life is and always will be is to be the guy who looks like he doesn't have a pot to piss in but is so liquid he drips when he walks. I am 32 this year and bought my first new car EVER(VW gti). Me and my girl make good money but we live in a small townhouse and both drive cheap cars. She has to force me to buy new clothes every year or so. I am tighter than a frogs ass. But all of our friends who make WAY more than we do call us there "rich" friends because we have zero debt. So this is my suggestion to all the younger folks on this site. SAVE SO MUCH IT HURTS....don't use credit cards... it feels so good to be liquid.
im 23 and have 20k what would the wise suggest i do in investment terms? buy a good long-term reit that yields 9%?