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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

Social Media Consultant, Online Marketing Strategist, Copywriter, CEO and Co-Founder of Growato

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Last Updated on February 18, 2019

Why It’s Never Too Late To Redefine Yourself

Why It’s Never Too Late To Redefine Yourself

The ability to reinvent and redefine yourself is a bold, daring and purposeful choice. It doesn’t just happen. You have to make a conscious, intentional choice and then follow through.

If the thought of forging a new path, changing habits, thought patterns and your inner circle of friends scares you – you’re not alone. Change can be a very scary thing. It takes courage, fortitude and a bit of faith to decide to shed your old self and don a new persona. However, it is one of the most critical processes one must repeatedly endure in the pursuit of destiny. Change unlocks new levels of potential.

The Need for Change

Everyday when we wake up, we make a decision. We decide to follow our routine or we decide to go off script and shake things up a bit. For those who are creatures of habit, routine is comfortable, easy and produces very little stress. The problem with this is, after a while you stop growing.

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We all reinvent ourselves at some point in our lives. It is absolutely necessary to achieve certain levels of success.

Reflect back on who you were as a teenager and then who you were at 25. Those are two very different people. Most of us are completely different. Your thought patterns changed, your appearance, job, level of education and even your friends– changed. We like to refer to this as “growing up” or maturing and consider it to be one of life’s natural progressions. However the changes you made were purposeful and deliberate.

This process must be a lifelong and continuous cycle. You are never too old to refresh yourself.

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Happy_old_man

    Signs It’s Time to Redefine

    “Just as established products and brands need updating to stay alive and vibrant, you periodically need to refresh or reinvent yourself.”– Mireille Guiliano

    So how do you know when it’s time for a system upgrade? There are signs along the way that alert you that it is time for an overhaul. The first sign is the feeling of being stuck. If you feel like you are in a rut, you’re bored with life or you need some newness and excitement, a self reinvention may be in order. Re-evaluate your life vision and your goals. Is that vision still valid and are your goals consistent with your vision and–are they achievable? If you are off course, it’s time for a change. If you are not moving forward and making progress, it’s time for a change.

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    In life, there’s no such thing as neutrality–you’re either moving forward or you are moving backward. Time constantly moves forward and if you are standing still, you are actually losing ground. No matter your age or stage in life– there is always room for improvement.

    “You’re never too old to set another goal or dream a new dream.” ~C. S. Lewis

    The second sign that you are due for a change is the occurrence of major life events in which change is forced upon you. Getting married, starting a new job, being promoted, ending a relationship, becoming a parenting or relocating are all prime opportunities to completely overhaul your life.

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    When these major shifts occur in your life–you have to shift with them. You can’t have a single mentality and have a successful marriage. You can’t remain selfish and irresponsible, and raise a healthy, well-adjusted child. You can’t be promoted to a supervisory position and keep the same subordinate attitude. Each level of success requires something different from you.

    Aronld in Predator

      Consider, for a moment, Arnold Schwarzenegger. People may have different opinions about his character and some of his life choices, but he is a master at reinventing himself. He achieved the ultimate success as a professional body builder by earning the title “Mr. Universe” three times. He then earned a tremendous amount of fame and fortune in the entertainment industry making action/adventure films. And in his latest role, he served two terms as the Governor of California. He succeeded as a professional body builder, a film star and a politician. Each role required massive amounts of change, commitment, strength and hard work.

      And if Arnold can do it…so can you!

      Featured photo credit: BK via flickr.com

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