You are now a college graduate, hurray!
I know that excitements, it was so cool!
My folks and I were super excited, university stress was huge!
But it didn’t stay for long
Suddenly we realized everything had changed
Nobody care to assist financially anymore
Suddenly we were more broke than we use to be when in school
Can you identify with this feeling?
Even if you don’t, maybe you are still an undergraduate – but if you are a college graduate, you would understand perfectly what I mean.
So sad a thing, there are no jobs out there, regardless of your connections, you might still have to seat at home for a while before you start earning, it takes a much longer time to start earning something sustaining.
Graduating from college can easily be considered one of the most exciting times of one’s life. It is the moment when you feel like you are truly separating from childhood and moving into adulthood. It is also a time when you will begin learning about finances through personal experience, as well as through trial and error.
Suddenly no one seem to remember you exist anymore – Immediately I left school my mum seized my monthly upkeep allowance and becoming a college graduate suddenly is an uphill.
Not even your favorite uncle that was there for you throughout your stay at school.
You know what that means my friend?
It just mean: GROW UP!
At this stage of your life everyone expect you to start taking responsibilities for your life
Here are a few tips to help you on your way as you make your way into the world as a recent college graduate.
Know What You’ve Got to Work With
When you are stepping out of the university and into what is often referred to as the “real world”, some of the best words of advice is to be knowledgeable about your finances. Keep track of what you are earning. If you are a Nigerian like me and you had to go through the NYSC program for a year, I expect that you should have savings no matter how small, but to my amazement most people do not. However, be mindful of your expenses, and learn to juggle where necessary. Knowing what you have and what you need to have is the first step.
Look Outside the Box
Times are not the same for new graduates as they were for our grandparents or even parents. In the former days, an individual could choose a career and plan to be in it for the remainder of their working years. It is now different. Graduates should be encouraged to keep their eyes and ears open, and always be willing to look outside the box when it comes to finances. Be willing to research new financial avenues, even in areas that are new and unfamiliar to you. Personally, I never saw myself as an online entrepreneur leaving the university, but here am I, I did not even have an idea about blogging or having a website. All you need to do is to be adventurous. Even when I got the job, what was paying the bills was not salaries but investment here and there, especially online. I have several products on my store on how to earn money online, I do not even know which one to recommend, visit my store and go through them, if you still find issues with picking one then leave me a note I will be glad to recommend to you personally.
Never Underestimate the Value of Good, Hard Work
There will never be any substitute for a good work ethic.
Did you just hear that?
You are lazy? Then you gonn’ be broke big time!
Being an individual who is willing to work hard will make you stand out among your peers. If you are put into a group of new graduates who all have the same skills, your work ethic will not only make finding a job more accessible, but will also help you to keep it longer once it is yours.
I cannot guarantee you hard-work will get you a desired job, but it’ll sure help you as an entrepreneur and in life generally.
Avoid Burdening Yourself with Debt
Those debts sounds like you?
One mistake that adults both young and old often make is getting into debt all the time.
You want to start your life as a college graduate in debt? No way!
Avoid debt as much as possible as you can. Leave within the income or money you earn. This moment is such a challenging moment but you have to be wise enough to keep things low.
Don’t go for those expensive designers, do not compare yourself with some other folk who have more income than you. Here is the rule; never live equal to your income, as much as possible live below your income. But what I see today is people living above their income – that is a proven recipe for poverty. Don’t stress yourself too much financially.
Consider Your Future
While you are enjoying your youth and your newfound freedom as a college graduate, don’t neglect to prepare for the future. The years creep by faster than you can imagine, and many an individual wakes up one day as a middle-aged person without any savings. Right from the start, yes! When you start earning something, no matter how small, put aside some money each month towards your retirement. Cultivate the habit of SAVINGS. Even if it is a small amount-I recommend the minimum of 10% of any income, you have the advantage of your youth because your savings have more years to multiply than if you were to start later.
The world is at your fingertips when you are a recent university graduate. Enjoy your youth, but use this time wisely. If you can get control of your finances while you are at this stage, you will be a step ahead of the rest for years to come.
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