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Words of wisdom for the new graduate!

Friday's Financial News!

May 21st, 2010 by Emily

I found a very interesting article on CNNMoney.com today, featuring some practical and funny advice for those  people graduating from school (whether that be high school, trade school or college).  The article, titled 3 things to tell a new graduate, lists the following bits of advice, in no particular order (at least, I hope it’s not in order):

  • With regard to your career, the author suggests that you heed your enemies.  The logic behind this advice is that the people you have trouble with are generally those people that have the greatest insight into you and your attitudes and faults.  What these people have to say will help you improve as a worker/entrepreneur…if you only take the time to listen.
  • With regard to the stock market, buy and hold your funds.  The author and I agree on this…people think that they can beat the stock market, but in reality, almost no one can (and you are probably not the exception).  If you buy funds and then keep them over the long run, you’re more likely to make money, at the very least thanks in part to the ability to avoid taxes and other fees.
  • Don’t be a fool with regard to your love life.   When lovers quarrel, each has the blame around 50% of the time.  Understanding this fact will help you build the kind of relationship that isn’t as susceptible to a divorce.  And as all of us know, either from personal experience or the experience of a friend or loved one, divorce sucks.  We don’t want it and should avoid it at all costs (both financially and emotionally). 

That’s it.  3 very simple little lessons that might save you a lot of headache or heartache as your graduate enters the post high school, trade school or college life that they have worked so hard to achieve.

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