Dear Graduates:
You have the joy of completing your studies and entering the next chapter of your life during a presidential election year when rhetoric of tough economic times and fears about jobs reach a fever pitch.
You may not pay much attention if you're headed to college and you're focused on your cell phone plan, new shoes, parking permits, meal plans and more. Or maybe you're entering the job market and those first paychecks mean the chance to find the hippest happy hours or get the financing on the new car you've always wanted. Or that daily mocha latte with a $ 3.95 price tag won't be a problem.
Oh, and you can complain about gas prices like every one else as you step out of the store with the rich aroma of coffee spiraling in to your nostrils.
A new job means the chance to spend money like you've never spent before!
However, a new job also means the chance to lay the foundation for a financial future where you are in control even if your paycheck won't make your fellow graduates green with envy.
The choice is yours and it may require putting on blinders and developing disciplined habits similar to an athelete who knows the value of focused training.
The actions you take today, and the attitude toward money that you have, will largely determine how much debt or how much equity you will have in the next 15 years to 20 years.
The good news is if you develop the attitude of an investor, instead of just being a spender, and you begin saving with small amounts you will have the choices to keep investing and growing wealth even if economic times get tough.
I will pull together key resources for you to read and access. They're easy to find and many are free.
I'll even be so bold as to say the size of your paycheck doesn't matter as long as you have the mindset of an investor and I hope you'll take the time to read more.
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