Videos What financial tip would you give your 20-year-old self? Admin 6 months ago Transcript 0:05 If I could talk to myself at 20, the main advice I’d give 0:07 myself would be to focus on savings and investment rather 0:10 than getting a lot of things early. To look at some long 0:13 term goals, rather than a short term picture with my money. 0:16 Don’t spend so much money! Put a little bit away, 0:19 even just a little bit. 0:21 Travel is incredibly important, the best thing that you’ll 0:23 ever do. But as well as saving for travel put a bit in reserve 0:27 as well for the future. 0:28 If I could give my 20 year old self some financial advice 0:31 I’d have two words: compounding interest. 0:34 Like a lot of young people I put off saving and investing and now 0:40 I wish I had started sooner and probably that I’d been willing 0:44 to embrace a little bit of risk, a little bit sooner. 0:47 I would tell myself when I’m 20 that the best thing to do 0:50 financially is to have an emergency fund, because money 0:53 can be fun, but when you’re out of control with money that’s not 0:56 so much fun. So making sure you’ve got some money aside 0:59 for a rainy day. 1:00 Well if I could go back in time and talk to my 20 year old self, 1:04 I think I’d say: don’t borrow so much money to buy that 1:09 stupid car! 1:10 If I was 20 again I would say: be brave with money. 1:14 Engage with risk. 1:16 I would say have a budget and keep to that budget but always 1:19 keep a little bit of money for fun, because life’s too short! 1:23 If would be to respect money and have fun with it, but 1:27 understand that it’s there to prescribe to your goals 1:30 in the future.