Comments on: What I’d Tell My 18-Year Old Self http://www.debtkid.com/what-id-tell-my-18-year-old-self Debt Kid - I'm Getting Out of Debt Sat, 21 Nov 2009 02:42:10 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: What I’d Tell My 18-Year Old Self http://www.debtkid.com/what-id-tell-my-18-year-old-self/comment-page-1#comment-9872 What I’d Tell My 18-Year Old Self Sat, 07 Jun 2008 08:28:53 +0000 http://www.debtkid.com/?p=445#comment-9872 [...] What I’d Tell My 18-Year Old Self Don’t work so much in the summer! Yes, I know you want to be self-sufficient and make money but holding down two jobs and 15 credits is a bit overkill. Go for more runs, quit the more stressful job and go golfing more with your brothers … [...] [...] What I’d Tell My 18-Year Old Self Don’t work so much in the summer! Yes, I know you want to be self-sufficient and make money but holding down two jobs and 15 credits is a bit overkill. Go for more runs, quit the more stressful job and go golfing more with your brothers … [...]

]]> By: Solve All Your Money Problems Forever. | 7Wins.eu http://www.debtkid.com/what-id-tell-my-18-year-old-self/comment-page-1#comment-9870 Solve All Your Money Problems Forever. | 7Wins.eu Sat, 07 Jun 2008 05:18:51 +0000 http://www.debtkid.com/?p=445#comment-9870 [...] BlogGeorgia vs. Tennessee: A River, It’s Water and the Law at What Is Goin’ On? What I’d Tell My 18-Year Old Self Tags making money online earn money online money making idea to earn money money making business [...] [...] BlogGeorgia vs. Tennessee: A River, It’s Water and the Law at What Is Goin’ On? What I’d Tell My 18-Year Old Self Tags making money online earn money online money making idea to earn money money making business [...]

]]> By: amway http://www.debtkid.com/what-id-tell-my-18-year-old-self/comment-page-1#comment-9743 amway Thu, 22 May 2008 09:50:21 +0000 http://www.debtkid.com/?p=445#comment-9743 [...] bed. Maybe that??s the only time my brain slows down enough to really be creative??I don??t know. Buhttp://www.debtkid.com/what-id-tell-my-18-year-old-selfMagic In Hole After 1-Point Loss Central Florida News 13The Orlando Magic?lose to the?Detroit [...] [...] bed. Maybe that??s the only time my brain slows down enough to really be creative??I don??t know. Buhttp://www.debtkid.com/what-id-tell-my-18-year-old-selfMagic In Hole After 1-Point Loss Central Florida News 13The Orlando Magic?lose to the?Detroit [...]

]]> By: Cliff Pape http://www.debtkid.com/what-id-tell-my-18-year-old-self/comment-page-1#comment-9684 Cliff Pape Wed, 14 May 2008 23:43:45 +0000 http://www.debtkid.com/?p=445#comment-9684 Great post! I would start with Warren Buffets writtings and read them all that is what I did and it worked! Take the time to learn economics and finance. So many dumb mistakes people make could be avoided if they new simple finance and economic pinciples. I could get into the other titles but, I leave that for the pros I only know how to make and keep money and, writing down your thoughts and never never never never giving up is one of the keys! Great post! I would start with Warren Buffets writtings and read them all that is what I did and it worked! Take the time to learn economics and finance. So many dumb mistakes people make could be avoided if they new simple finance and economic pinciples.

I could get into the other titles but, I leave that for the pros I only know how to make and keep money and, writing down your thoughts and never never never never giving up is one of the keys!

]]> By: debt kid http://www.debtkid.com/what-id-tell-my-18-year-old-self/comment-page-1#comment-9679 debt kid Wed, 14 May 2008 21:31:17 +0000 http://www.debtkid.com/?p=445#comment-9679 @ stan - You're right about life not being about making $$$ and working all the time. I actually did like watching Level 2 quotes at 5:30am. I love stocks, always will, I just can't ever allow myself to "trade" them again. Invest yes, day trade no. I think I've wised up enough now to know the difference. Anyway, If you find excitement in trading I think that can be a good thing, just be careful with losses and maybe find an older mentor who can keep you accountable with your trades. I do well in life when people I know and trust are keeping tabs on me, not so well when I try to do things on my own : ) @ stan – You’re right about life not being about making $$$ and working all the time. I actually did like watching Level 2 quotes at 5:30am. I love stocks, always will, I just can’t ever allow myself to “trade” them again. Invest yes, day trade no. I think I’ve wised up enough now to know the difference.

Anyway, If you find excitement in trading I think that can be a good thing, just be careful with losses and maybe find an older mentor who can keep you accountable with your trades. I do well in life when people I know and trust are keeping tabs on me, not so well when I try to do things on my own : )

]]> By: stan http://www.debtkid.com/what-id-tell-my-18-year-old-self/comment-page-1#comment-9678 stan Wed, 14 May 2008 21:23:47 +0000 http://www.debtkid.com/?p=445#comment-9678 anyway the point of my long post is that, lifes not all about working crazy and making $$$... im trying to learn from your experiences to lead a better life. anyway the point of my long post is that, lifes not all about working crazy and making $$$… im trying to learn from your experiences to lead a better life.

]]> By: stan http://www.debtkid.com/what-id-tell-my-18-year-old-self/comment-page-1#comment-9677 stan Wed, 14 May 2008 21:19:25 +0000 http://www.debtkid.com/?p=445#comment-9677 debt kid, when u daytrade on margins that can be a very dangerous thing. i know u said u made some money but im guessing u lost much more after that. im just a beginner on trading and although i wish i had more money to trade buy/sell stocks, i dont because it is risky,.. but No Risk no Gain... actually u mentioned looking at level2 quotes at 5:30 am, that u probably didnt think that was fun... i like doing that... i enjoy waking up and looking to see the market action early morning. im a morning person and i wake up to great ideas many days.. the only thing motivating me nowadays to wake up is the stock market. i seriously look forward to waking up to see whats happening or will happen in the market today... and im just a beginner trader.... i hope its not just a phase because i have almost nothing in my life that i look forward to. i lead a dull life. i have almost everything i wanted as far as material things and have a bright financial future to look forward to.. my dad has setup a big trust account for me to retire on. but still i lack good friends, lack good social support... therefore i am worried i will be heading in what u did before.. that is taking more risk to get bigger financial rewards... just as a way to put some excitement in my life.... i know i sound crazy but thats just how my life has been so far. good and bad... overall i know i should be lucky... but im slowly starting to realize its not all about working 60 hours a week, its more than that. its also about keeping and having fun with friends. this is something i wish i had told my 18 yr old self. debt kid, when u daytrade on margins that can be a very dangerous thing.

i know u said u made some money but im guessing u lost much more after that. im just a beginner on trading and although i wish i had more money to trade buy/sell stocks, i dont because it is risky,.. but No Risk no Gain…

actually u mentioned looking at level2 quotes at 5:30 am, that u probably didnt think that was fun… i like doing that… i enjoy waking up and looking to see the market action early morning. im a morning person and i wake up to great ideas many days.. the only thing motivating me nowadays to wake up is the stock market. i seriously look forward to waking up to see whats happening or will happen in the market today… and im just a beginner trader…. i hope its not just a phase because i have almost nothing in my life that i look forward to. i lead a dull life. i have almost everything i wanted as far as material things and have a bright financial future to look forward to.. my dad has setup a big trust account for me to retire on. but still i lack good friends, lack good social support…
therefore i am worried i will be heading in what u did before.. that is taking more risk to get bigger financial rewards… just as a way to put some excitement in my life….

i know i sound crazy but thats just how my life has been so far. good and bad… overall i know i should be lucky… but im slowly starting to realize its not all about working 60 hours a week, its more than that. its also about keeping and having fun with friends. this is something i wish i had told my 18 yr old self.

]]> By: Bellevue http://www.debtkid.com/what-id-tell-my-18-year-old-self/comment-page-1#comment-9629 Bellevue Tue, 13 May 2008 01:33:57 +0000 http://www.debtkid.com/?p=445#comment-9629 I have been reading some of your older posts as well, and I do find some of the financial advise you give to be invalid or lack of sufficient knowledge. I don't personally claim to be someone that knows these things, however, I do want to point out few things. "Get 1 credit card. Yep, just one One credit card is all you need to start establishing a credit history. Heck, one credit card is all you’ll ever need. Get one from your bank, and commit to keeping the balance low." Wrong. You can't establish sufficient credit history off one credit card. You'll find yourself having trouble getting mortgage or even just a car loan. Minimum is 3-4 lines of credit, and higher the credit limit, the better it would help you. If you cannot practice self control, then 1 or 10 would lead you down that same path. Credit is necessary, it is essential. Easiest way to establish one is to get credit cards, keep your credit high. I made some stupid financial mistakes since I was 18, but guess what, my credit score is at stellar ~730. I know how to play the credit score game...but unfortunately that's all I know... I have been reading some of your older posts as well, and I do find some of the financial advise you give to be invalid or lack of sufficient knowledge. I don’t personally claim to be someone that knows these things, however, I do want to point out few things.

“Get 1 credit card. Yep, just one

One credit card is all you need to start establishing a credit history. Heck, one credit card is all you’ll ever need. Get one from your bank, and commit to keeping the balance low.”

Wrong. You can’t establish sufficient credit history off one credit card. You’ll find yourself having trouble getting mortgage or even just a car loan. Minimum is 3-4 lines of credit, and higher the credit limit, the better it would help you. If you cannot practice self control, then 1 or 10 would lead you down that same path.

Credit is necessary, it is essential. Easiest way to establish one is to get credit cards, keep your credit high. I made some stupid financial mistakes since I was 18, but guess what, my credit score is at stellar ~730. I know how to play the credit score game…but unfortunately that’s all I know…

]]> By: christmas pictures http://www.debtkid.com/what-id-tell-my-18-year-old-self/comment-page-1#comment-9614 christmas pictures Mon, 12 May 2008 13:49:11 +0000 http://www.debtkid.com/?p=445#comment-9614 [...] [...] [...] [...]

]]> By: Prime Time Money: Happy Mother’s Day Roundup | Prime Time Money http://www.debtkid.com/what-id-tell-my-18-year-old-self/comment-page-1#comment-9599 Prime Time Money: Happy Mother’s Day Roundup | Prime Time Money Sun, 11 May 2008 19:52:02 +0000 http://www.debtkid.com/?p=445#comment-9599 [...] Debt Kid shares with us what he’d tell his 18 year-old self. [...] [...] Debt Kid shares with us what he’d tell his 18 year-old self. [...]

]]>