College graduates, allow me an older sister moment to impart some financial wisdom as you step off campus. Your wealth, regardless of how much or how little you have, should create opportunity and help you achieve whatever you’ve been dreaming up for yourself over the last four (or more) years. This takes a plan for how you’re going to spend and save your money. Here’s a simple road map to set you off in the right direction. I’m keeping it brief to accommodate your post-finals attention span.
How much is enough?
Just because you can afford to buy something, should you? This is a great question and I’ve found that the answer often changes and it’s closely tied to our values. Goals and priorities shift so determining “how much is enough” is an ongoing conversation with yourself. I’m going to spend more time thinking about how we determine “how much is enough” across all categories of spending. I’d love to hear your thoughts!
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Delayed Gratification
I recently watched (and very much enjoyed) the Oscar-nominated film Brooklyn and was struck by the idea of delayed gratification and the enormous gap between life in 1950s New York and today. Travel, communication, errands - all of it drastically slower than today. Our ability to immediately gratify our needs and wants can’t help but impact the way we view and use our money.