Video: What financial tip would you give your 20-year-old self?

Video about advice for your 20-year-old self

Video transcript

Question: What financial tip would you give your 20-year-old self?

Craig Davidson - If I could talk to myself at 20, the main advice I'd give myself would be to focus on savings and investment rather than getting a lot of things early. To look at some long term goals, rather than a short term picture with my money.

Courtney Keefe - Don't spend so much money! Put a little bit away, even just a little bit.

Tina McElligott - Travel is incredibly important, the best thing that you'll ever do. But as well as saving for travel put a bit in reserve as well for the future.

Joseph Dickson - If I could give my 20 year old self some financial advice I'd have two words: compounding interest.

Linda Elkins - Like a lot of young people I put off saving and investing and now I wish I had started sooner and probably that I'd been willing to embrace a little bit of risk, a little bit sooner.

Diane Tate - I would tell myself when I'm 20 that the best thing to do financially is to have an emergency fund, because money can be fun, but when you're out of control with money that's not so much fun. So making sure you've got some money aside for a rainy day.

Peter Kell - Well if I could go back in time and talk to my 20 year old self, I think I'd say: don't borrow so much money to buy that stupid car!

Louise McSorley - If I was 20 again I would say: be brave with money. Engage with risk.

Catherine Attard - I would say have a budget and keep to that budget but always keep a little bit of money for fun, because life's too short!

Kylie Macfarlane - If would be to respect money and have fun with it, but understand that it's there to prescribe to your goals in the future.


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Last updated: 09 Aug 2016