Graduating? Here are 10 money lessons you need to hear now
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What are the 10 essential money lessons for recent graduates?
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This podcast contains general financial advice only. That means it's not specific to you, your needs, goals or objectives so don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer and link to our financial services guide in the show notes. Kate Campbell, welcome to this episode of the Australian Finance Podcast. It's good to be back, Owen, to talk about something that I have been thinking about for quite a while, as I've seen many people I know graduate year 12 or graduate university over the last month or two, and that is what lessons would we want to tell students? a graduate, a graduate from school, uni, TAFE, whatever it is, what would we want them to know in their early 20s before they go out into the big wide world?
So I think today's episode, I've put together a list of 10 different things that Owen and I want to talk about. And it goes over everything from just getting started to taxes to superannuation. There's a lot of stuff out there. But we hope this episode is useful for you or a younger person in your life that you can send this across to just to get them thinking about getting started early on. Because there's so many of these things that if you get it sorted out in your early 20s, you're really set for life and you don't have to do too much more. along the way apart from making small minor adjustments or maybe going to a lower fee product but getting started early is like the number one piece of advice nearly every single guest gives our listeners and I think this is the episode where we want to encourage our listeners as well to get started early and encourage the younger people in their life to get started as well.
Yeah. Not many people know this, but I'm actually only 21. And so this is actually really relevant for me. No. So yeah, it's fantastic. And as Kate said, if you have a young person in your life, it can be really hard to break through to them. So sometimes you just need to give them the short, sharp version and you need to make it worth their while. So we're going to explain the 10 things here, and then we're going to try and explain why they're important to tackle early on. And, you know, even making some of these, some of these changes could have profound impacts. And when I say profound, maybe hundreds of thousands of dollars, like number six in particular, which we'll get to our sixth thing on the list is one of those things.
If you make the right changes now, it takes bugger all time and it could result in hundreds of thousands of dollars more in your pocket in many years time.
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Chapters
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Sounds like good money advice... But is it?