: Most Common Young Person Mistakes

Making mistakes is a part of being young. In fact, it is a central part of life in general, but errors tend to come thick and fast when you are first navigating your way through adulthood. And as major life milestones are delayed, so too are the mistakes of youth. Of course, learning from your mistakes is a fantastic thing to do. But wouldn’t it be better to learn from the mistakes of other people?

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Some of the mistakes that you make when you are young are relatively inconsequential and could be fixed by something as simple as tattoo laser removal. But in this blog post, we are going to focus on a few of them which tend to be bigger and longer-lasting. So, without further ado, let’s get started.

Buying a Home Before You Are Ready

Getting on the property ladder is still a dream of many young people, but this is not a path that you should force yourself down before you are financially and personally ready. Do you see yourself living in that neighbourhood for the foreseeable future? Otherwise, you are going to have to go through all the hassle and expense of selling up and moving on. How secure are you in your job role? You don’t want to sign on to a long-term mortgage deal only to find that your current position is in jeopardy. Buying a home should be one of the most exciting times of your life, but take the time to ensure that you have properly thought through all of the ramifications involved.

Getting into Debt

When you are young, it is very tempting to spend all your money having fun. But if you start racking up some serious debt now, this can end up like a chain around your neck for years to come. Of course, there may be debt which you have naturally accumulated such as student loans, but the earlier you start to clear these sums, the more likely it is that you will achieve the financial freedom that you are looking for later in life. There are plenty of other methods which you can use to stop debt from piling up such as creating a household budget and practising the art of frugality.

Failing to Network

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While the skills that you build up when you are young are highly important, so too are the connections that you develop. You never know when you may need to call on a contact to open a door for you or put you in contact with someone who can further your career. Networking doesn’t have to be anything as formal as putting on a tie and a name badge. It can simply be catching up with an old work colleague who you haven’t heard from in some time over a drink.

Not Starting a Savings Account

When many people start earning more money, their first instinct is to upgrade their lifestyle, treating themselves to fancy clothes, more meals out etc. And while there is no harm in treating yourself well, you don’t want to forget about starting and maintaining a savings account. The money which you start to build up now can be used in all sorts of different ways towards your future. One of the best ways of making sure that you commit to your savings goals is by automating your account so that you don’t see the money each month and aren’t tempted to use it elsewhere.

Giving Up Too Easily

Most stories of success involve a lot of striving and hardships along the way. If you give up every time you encounter an obstacle, you are never going to be able to achieve your long-term goals. For example, if you don’t like a job within the first few weeks of working there, you may find that you want to quit. However, if you push through and keep going, you may well find that it provides a lot more rewards than you initially thought. Going through difficulties is the only way that you are going to get better at anything. For example, if you want to play the guitar, you are never going to get anywhere by playing the same three songs over and over again. Instead, you need to make the effort to increase the difficulty level over time.

Not Becoming More Independent

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It is great to have family members who are in your corner and willing to help you out when times are tough. And relying on the Bank of Mum and Dad is something that more and more young people are finding that they need to do these days. However, you need to make sure that you find the right balance so that you are not overly reliant on them. Otherwise, you will never achieve the type of independence that you are looking for. Even is this means not enjoying some of the luxuries that you are used to, this may well be a price that is worth paying to achieve a greater level of financial and personal independence.

Not Committing to Learning

You may well have left school and university already, but this doesn’t mean that your learning is over. In fact, the acquisition of knowledge should be a lifelong journey which is worth committing to. Today’s work environment moves at such a rapid rate that you need to find ways to stay ahead of the competition and keep your skills current. Otherwise, you are likely to get left behind the crowd and could find yourself at the back of the queue when it comes to getting job roles that you truly care about. There are so many different skills out there that you can acquire, and even ones that are not directly related to your job at the moment may prove to be useful in the future.

Failing to Try Different Things

They say that the regrets that you have later in life will be the things that you didn’t do rather than the things that you did. And while you can try different things throughout your life, your youth gives you a fantastic opportunity to find out more about yourself. Unfortunately, a lot of people are simply too afraid of making mistakes and concerned that they are making the wrong choice. Ultimately, you may discover that something that you had initially thought that you would hate turns out to be a passion of yours.

Not Learning About Money Management

Money management is a skill that you can develop just like every other. If you don’t take the time to make sure that you are financially clued up, you could well spend your life struggling to make ends meet. For example, impulse spending is a bad financial habit which is worth getting out of at the earliest possible opportunity. Most young people aren’t working with a household budget, and this can end up doing you financial harm in the long-run. Thankfully, there are so many resources out there these days that can help you out when it comes to money management - and many of them are available entirely for free.

Failing to Find a Direction

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Finding a direction in life is not something that comes easy to everybody, but you need to make a special effort to work out exactly where you are heading. Of course, this is not to say that you shouldn’t try different things, but you do need to come up with some sort of plan which keeps you working towards achieving your goals etc. There are likely to be times when you need to readjust your plan and set yourself down a different course, but spending the time to think about where you going in life on a regular basis is something which is certainly worth doing.

Making mistakes is a common part of being young, and there is nothing wrong with making missteps along the way. But it also helps to know what some of the most common errors that people make are. Whether these are to do with your financial situation, your career or your personal life, you shouldn’t let mistakes trip you up for too long or derail you from the ambitions of what you want to achieve. It is how you respond to your mistakes that will end up defining you as a person. If you let them overwhelm you, you could end up moving through life fearful about where the next one is coming from. However, if you learn from them and vow not to repeat the same thing twice, you can strive to move onwards and upwards.

Though this article has been fairly broad in the different categories that it has covered, hopefully it has given you a decent overview of many of the most common mistakes that people make when they are young. Whether you have identified something that you are prone to doing or not doing so that you can make a life adjustment, this can only be a good thing!

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