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5 Mistakes You Can Afford To Make When You’re Young

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5 Mistakes You Can Afford To Make When You’re Young

Being young is great. Most of the parts of your body still work great, you have a full head of hair, you’re energetic, and you have a world of opportunity in front of you. However, there’s going to come a time when you start to get older. And as you get older, you’ll have new responsibilities, complete independence, and perhaps most importantly, less time to recover from mistakes.

You see, we all make mistakes in life. Maybe you spent more money than you should have on a car, you passed up on a great job opportunity, or you didn’t try as hard as you could have in school. It’s a part of life and we learn from it. But there are certain mistakes that are much better made while you’re still young and have plenty of time to recover.

I’m definitely not telling you that you should purposely go out and make these mistakes (because they’re a pain to recover from). But these are all mistakes that are much better made when you’re younger so that you can learn from them and not have them ruin your entire life.

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Starting The Wrong Career

Wouldn’t you hate to be 45 years old and discover that you absolutely hate what you do for a living? It’s a reality that a lot of people face and it can be difficult to fix. You see, when you’re 23 and find out you don’t like the career path you’ve chosen, you can easily explore new career options.

We no longer live in an age when people are expected to stay with one company until they retire. You can bounce around a little bit and find out what you want to do. When you get older, just switching careers whenever you want isn’t as simple.

You have to consider your family, retirement, the difficulties you might run into with starting from the bottom in a new industry, and plenty of other issues that someone in their early 20’s just doesn’t have to deal with.

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Dating the wrong person

The divorce rate in the U.S is extremely high. Other parts of the world aren’t doing too much better either. While everyone gets divorced for their own reasons, I think we can all agree that it’s better to find out that the person you’re with is wrong for you sooner rather than later.

Hopefully you find out whether or not the person you’re with is right for you before you tie the knot, because around 50% of first marriages end in divorce.

Messing up your credit

Ruining your credit is never a good idea. Even if you ruin it while you’re young, it could affect you in the future. The upside of having bad credit while you’re young instead of older is that you have time to build it back up.

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It can take 7-10 years to rebuild your credit if you have a history of late payments, loan defaults, foreclosures, or bankruptcy. During those 7-10 years, you’ll have a hard time financing anything unless you have a cosigner or put down a substantial down payment.

Most people tend to make most of the bigger purchases in life when they get older such as a house or their dream car. If you have bad credit, you can kiss all of that goodbye.

Making bad investments

If you’re investing money for your retirement, making bad decisions can mean you’ll be working your entire life. Whether you choose to pay someone to do the investing for you or handle it all yourself, it’s a lot better to take risks when you’re younger.

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If you invest in stock or even real estate while you’re young and the market takes a hit, you’re not ruined. Investing is a long-term venture, so the younger you start, the more fluctuation you can withstand and still come out with a positive return.

Blowing your money

What would you do if you went broke at 60 years old? You would be working your behind off when you really should be relaxing and getting ready to retire soon.

But if you’re 25 and broke, you still have plenty of time to earn more money. Also, nobody will judge you because it’s not unusual for people in their 20’s to not have money these days. You might have blown your money on a nice car or have an obsession with all the newest gadgets.

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When you get older, you’ll be able to look back and realize how dumb you were for spending $20,000 on a brand new car when you were only 20 years old. But when you’re older and waste your money, you’ll REALLY have nothing to show for it.

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Last Updated on January 13, 2022

10 Cheap And Amazing Honeymoon Ideas

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10 Cheap And Amazing Honeymoon Ideas

A honeymoon is important.  The wedding is over.  The months, or even years, of stress and planning are finally over.  It’s time for the two of you to relax, settle in, and start enjoying your time together as you embark on your first journey as a family.

To make the most of this time for the least amount of money, it’s important to focus on what you want out of a honeymoon.  This isn’t your typical list of touristy honeymoon locations everyone goes to.  Rather, it’s a list of cheap honeymoon experiences a couple can enjoy together, regardless of where it’s at.

1. Camping

A week long camping trip is a fantastic way to see how you mesh together as a couple.  You’re put in a low impact “survival” situation where it’s just the 2 of you and nature.  You have a chance to see how your new spouse handles themselves when left with the basics of life.  There are amazing national parks all over the United States where you can camp for a week for $20-30, disconnect from technology, and enjoy some of the natural wonders our nation has to offer.

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2. Staycation

You don’t have to go anywhere for a honeymoon.  In fact, the tradition of taking a honeymoon vacation is a relatively new one.  Prior to the 19th century, a honeymoon involved staying home together for a month to get to know each other physically.  Think of how blissful it could be to take a full month off work, disconnect from the outside world, and focus entirely on projects together.  You may not be wowing your friends and family with pictures of some exotic location, but they’ll be envious of your escape from the rat race nonetheless.

3. Island Getaway

People tend to overspend on their honeymoon vacations to Hawaii, Tahiti, etc.  Going to these places doesn’t have to be expensive.  You don’t need to stay in a 5 star resort when you’re on a Best Western budget.  You’re there to be in the atmosphere of the island, not a hotel room. Book a cheap flight and sleep in a hotel alternative, on the beach or in your car.  It’s the view in paradise that really matters.

4. Fancy Resort

Book an expensive resort, spa, or retreat in the city you live in.  While this may seem counterintuitive as a cheap destination, when you consider your savings on airfare and other travel costs, you can afford to be treated like royalty within your own city limits.  If you book a honeymoon package, you’ll end up with a lot of free amenities and extra attention.  There’s no need to fly halfway across the world to live the good life.

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5. Road Trip

The journey is often more fulfilling than the actual destination.  If you fly out to some exotic locale, you’ll be stuck on a plane for 8-30 hours.  Rent a luxury car, pick a handful of places you each have always wanted to visit, and go on an adventure.  You can keep food costs down by packing your own snacks, but it’s always a good idea to sample the local delicacies wherever you go, even if it’s only a few states over.

6. Charter a Boat

If the ocean is your thing, a week-long cruise can cost you $1500-$3000 per person, depending on the destination.  You also have to factor in travel costs to and from the cruise, alcohol, souvenirs, and on-shore excursions.  You’ll also be surrounded by people.  For the same price (and often much cheaper), you can charter your own boat and enjoy the experience in private.

7. Las Vegas/Atlantic City

If gambling is your thing, these are the places to do it.  Which one you choose depends on your preference, budget, and proximity.  The way to make this vacation cheaper is to gamble smart.  Stay away from low odd tables (i.e craps, roulette) and read up on the MIT blackjack strategies to beat the house.  If you do it right, you can win enough for a free trip (and gain a valuable team skill in the process).

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8. Themed Retreats

There are weeklong retreats all over the world where you can fully immerse yourselves as a couple into a hobby you’re both passionate about.  Go on a yoga/meditation retreat, a ranch, a vineyard/farm, a backpacking adventure, treasure hunt, or whatever you’re into.

9. Working Honeymoon

Your honeymoon doesn’t have to be a vacation.  For a truly memorable experience, dedicate a week to a charity or volunteer organization.  You can drive out to a campground to help restore it in the offseason.  Maybe you’ve always wanted to volunteer to help out your local animal shelter, plant trees, help the homeless, etc.  Use the time to do something together as a couple that will fulfill you spiritually while contributing to the community.  Just because you’re on a honeymoon doesn’t mean you can’t be productive.

10. Festivals, Fairs & Special Events

Every city, state, and country has festivals, fairs, and special events.  Find one you’re interested in.  If you time your wedding right, your honeymoon can be a trip to one of these festivals.  Burning Man, SXSW, Bonnaroo, the Renaissance Fair, regional harvest festivals, Mardi Gras, New Years Eve in Times Square, a movie premiere, or whatever you’re into.  If you plan your honeymoon at the right time in the right place, the possibilities are endless.

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Featured photo credit: Josue Michel via unsplash.com

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