Financial Advice I Would Give My Younger Self

Updated: May 15, 2021

As a young woman, my wealth-building journey really started right after I graduated from college and got my first real job earning my first real income.

It was around this same time that I started to educate myself about personal finance. As a result, I was able to save my first $100,000 in a little over 3 years right after graduating.

As I look back at my financial journey to date, I'm grateful for the great financial decisions I made. But there are also a lot of things I wish I knew or wish I had done differently.

If I had the chance to have a sit down with my younger self, I would give myself these key pieces of advice!

1. Max out your retirement savings right away

2. Get life insurance while you are young

3. Learn about investing and invest sooner

4. Buy fewer things e.g. handbags

Those are the 4 key pieces of advice I would give myself looking back. I've learned so much on my financial journey and each experience has been a major lesson towards the money decisions I make today and will make in the future.

So now it's your turn, knowing what you know now, what advice would you give your younger self? Read the full article at:

Bola Sokunbai is the founder of Clever Girl Finance and she's passionate about helping women take control of their money so they can live life on their own terms. Bola is a Certified Financial Education Instructor (CFEI) and money expert. She created Clever Girl Finance to provide women with financial education that makes sense, the knowledge they need to take control of their finances and the power to make informed financial decisions for their current and future selves. Leveraging her mother's lessons and her personal experience with saving money and building wealth, she is passionate about helping women change their money stories and achieve real financial success.

Clever Girl Finance has been extremely gracious in allowing esteem magazine share their content . I encourage all readers to visit their site regularly and take advantage of amazing resources and advice available - they are truly Clever Girls! Many thanks to the team at Clever Girls for helping to build our financial esteem.

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