If you could tell your 18 year-old self just one thing, what would it be?
If it were me, I wouldn’t waste my time on advice about boys, friends or college “rights of passage” – instead I would tell my 18 year old self to avoid massive student loan debt by paying cash as I was able and only borrowing the bare minimum when it was necessary.
Although I’ve made plenty of mistakes in my life, and have a ton of moments I’d like to change – I really have only one true regret, and that’s the astronomical amount of student loans I acquired throughout college.
I wish more than anything that I had truly understood the magnitude of the debt my college career was creating, and what kind of burden it would put on my future.
I wish personal finance was a required class in junior highs and high schools across this country.
I wish my parents had a book like Smart Money Smart Kids to use as a guide in raising me.
I wish that college advisers were required to meet with students every year to go over their student loan situation.
I wish I’d known better.
But I can’t wish away the past – or my mistakes. All I can do is grow from them and continue to try and spread the message far and wide that student loans and credit cards are drowning us. But most importantly, I can teach my son that their is a better way and help him avoid my financial mistakes.
What mistake from your life will you work to correct in your children?
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