Holy heck lots of boring adult advice in these comments on how to be sensible.
Get wild, just don’t make permanent mistakes like taking hard drugs or getting killed in a car accident.
Apart from that, break all the rules kiddo.
Get wild, just don’t make permanent mistakes like taking hard drugs or getting killed in a car accident.
Apart from that, break all the rules kiddo.
Doing the minimum on financial habits will not stop you from improving, opening new doors, or doing other things.
I've known many people that believe constantly carrying a balance (percentage of max) on their credit cart improves their overall credit score which is a good thing, and that's wrong. It may improve credit utilization score but you are paying 30+% interest each month in fees which compounds against you.
Reviewing finances only once a year won't provide enough time to correct course if there are important changes in trends, it needs to be done monthly or quarterly.
I'd say the majority of investing advice out there is solid advice only some of the time often with circumstances that prove it to be bad advice some of the time.
If you don't understand the fundamentals (which aren't taught in school) then you are more likely to lose money than anything else and have had your time you spent earning that money wasted.