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If You’re In Your 20s, Having Savings Shouldn’t Be Your Only Concern

If You’re In Your 20s, Having Savings Shouldn’t Be Your Only Concern

The consumerist world we live in seems to have turned us into money making robots with ever-increasing desire to earn more only to spend more. A growing number of twenty-somethings have fallen victim to this vicious circle of making earning their top priority.

What happened to the fun-seeking, experience-hunting, and self-realization twenties? People in their twenties seem much more concerned about their savings, pressuring themselves to act more grown-up than they actually are. Therefore they seem to settle for mediocre jobs and relationships in order to play by the rules and strictly follow pre-made life paths. True – bills, rent and college debt won’t pay itself, but what you do with the rest of your paycheck, is what makes all the difference.

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People who spend money on experiences are happier

Whenever you are facing the latest version of a smartphone or a trip with your friends dilemma, make sure to pick the experience purchase, suggests Dr. Thomas Gilovich, a psychologist, in the study “A Wonderful Life: Experiential Consumption and the Pursuit of Happiness,” published in the Journal of Consumer Psychology. He presents his findings from a research where he compared the effects of products to experience purchase on human happiness. The results show that people who collect experiences instead of things, show much bigger and longer-lasting signs of contentedness.

When you spend time and money doing things or going places with other people in your life, you get a chance to enjoy sharing your experiences with others. This way you enrich your life, and apart from learning new skills and discovering new places, you learn a lot about yourself and others, and get valuable life lessons no gadget in the world, no matter how advanced, can teach you.

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Growing older, the excitement of buying the latest smartphone, TV or a car will be long forgotten, but moments you shared on your trips or events with your friends and family will be vivid in your memory, even the bad ones, Gilovich finds out,  “Even those concerts, theatrical performances, or vacations that do not turn out as planned are quickly rationalized (“It brought us closer to together,” “You only find out what someone is really like when things go awry”) and made peace with.”

The hype around the must haves of the season can turn you into a mindless consumer, if you don’t pay attention. Material things can help you feel good in a short run, while the skills you learn, experiences you share with your closest friends, and places you visit make you an altogether happier, smarter, more mindful and open-minded person. As Gilovich concludes “it is the experience that lives on and the possession that fades away.”

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We are our greatest assets

In an effort to always earn more and spend more, young people seem to have adopted a certain consumerist mindset when it doesn’t matter how you feel, as long as it can help feed the consumer beast, so to speak. Hence, the prevailing dissatisfaction with and feeling of being trapped in unfulfilling job positions, which creates the need to spend more in order to feel better – a vicious cycle hard to get away from. Sure, you want to escape the mediocre job, yet the material security it provides, makes it seem impossible. So, most people decide to settle for the security of a regular paycheck, never really utilizing their true potential, with their skills and values gradually declining.

However, if they dare to take one small step towards a different direction, circumstances can change dramatically in the long run. By investing a little bit of their time, at first, in cultivating their talents and skills, they are investing in their future of doing the work they are truly passionate about. Gradually, the transition to a much more desired position can happen, providing them with more time, money and more-purposeful work. Their whole outlook on life changes once they discover the best outlet for their talents. Realizing that you don’t need to settle in your twenties, but to find the time and funds to discover your passion, is a great way to prioritize and to invest in your future.

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Building the right foundations

Another reason to not obsess about savings in your twenties is to create the right mindset that will make your life much more enjoyable. Our twenties seem so challenging simply because it is the time when we make the most mistakes trying to reach maturity and self-realization. The lessons we learn now, influence our future belief system to a great extent. By discovering early in life not to compromise your time and happiness for material rewards, you avoid spending a lifetime blindly chasing the wrong values.

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Ana Erkic

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Last Updated on August 16, 2018

10 Ways To Step Out Of Your Comfort Zone And Enjoy Taking Risks

10 Ways To Step Out Of Your Comfort Zone And Enjoy Taking Risks

The ability to take risks by stepping outside your comfort zone is the primary way by which we grow. But we are often afraid to take that first step.

In truth, comfort zones are not really about comfort, they are about fear. Break the chains of fear to get outside. Once you do, you will learn to enjoy the process of taking risks and growing in the process.

Here are 10 ways to help you step out of your comfort zone and get closer to success:

1. Become aware of what’s outside of your comfort zone

What are the things that you believe are worth doing but are afraid of doing yourself because of the potential for disappointment or failure?

Draw a circle and write those things down outside the circle. This process will not only allow you to clearly identify your discomforts, but your comforts. Write identified comforts inside the circle.

2. Become clear about what you are aiming to overcome

Take the list of discomforts and go deeper. Remember, the primary emotion you are trying to overcome is fear.

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How does this fear apply uniquely to each situation? Be very specific.

Are you afraid of walking up to people and introducing yourself in social situations? Why? Is it because you are insecure about the sound of your voice? Are you insecure about your looks?

Or, are you afraid of being ignored?

3. Get comfortable with discomfort

One way to get outside of your comfort zone is to literally expand it. Make it a goal to avoid running away from discomfort.

Let’s stay with the theme of meeting people in social settings. If you start feeling a little panicked when talking to someone you’ve just met, try to stay with it a little longer than you normally would before retreating to comfort. If you stay long enough and practice often enough, it will start to become less uncomfortable.

4. See failure as a teacher

Many of us are so afraid of failure that we would rather do nothing than take a shot at our dreams.

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Begin to treat failure as a teacher. What did you learn from the experience? How can you take that lesson to your next adventure to increase your chance of success?

Many highly successful people failed plenty of times before they succeeded. Here’re some examples:

10 Famous Failures to Success Stories That Will Inspire You to Carry On

5. Take baby steps

Don’t try to jump outside your comfort zone, you will likely become overwhelmed and jump right back in.

Take small steps toward the fear you are trying to overcome. If you want to do public speaking, start by taking every opportunity to speak to small groups of people. You can even practice with family and friends.

Take a look at this article on how you can start taking baby steps:

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The Number One Secret to Life Success: Baby Steps

6. Hang out with risk takers

There is no substitute for this step. If you want to become better at something, you must start hanging out with the people who are doing what you want to do and start emulating them. (Here’re 8 Reasons Why Risk Takers Are More Likely To Be Successful).

Almost inevitably, their influence will start have an effect on your behavior.

7. Be honest with yourself when you are trying to make excuses

Don’t say “Oh, I just don’t have the time for this right now.” Instead, be honest and say “I am afraid to do this.”

Don’t make excuses, just be honest. You will be in a better place to confront what is truly bothering you and increase your chance of moving forward.

8. Identify how stepping out will benefit you

What will the ability to engage in public speaking do for your personal and professional growth? Keep these potential benefits in mind as motivations to push through fear.

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9. Don’t take yourself too seriously

Learn to laugh at yourself when you make mistakes. Risk taking will inevitably involve failure and setbacks that will sometimes make you look foolish to others. Be happy to roll with the punches when others poke fun.

If you aren’t convinced yet, check out these 6 Reasons Not to Take Life So Seriously.

10. Focus on the fun

Enjoy the process of stepping outside your safe boundaries. Enjoy the fun of discovering things about yourself that you may not have been aware of previously.

Featured photo credit: Unsplash via unsplash.com

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