Wonder what millennials (aka our kids) wish they would have known when they were 18? With the benefit of 20-20 hindsight, here’s what the “Young Money” survey from TD Ameritrade showed:
1. The number one piece of advice they would have given their 18-year-old selves? Work to earn some money while you are in college. Number two? Work as hard as you can in college, you can enjoy yourself later.
2. If they could go back and do college all over again, what would they do? Study harder (anyone mention that one to their kids at the time????). Number two? Spend less and get into less debt.
3. One of their biggest financial regrets in college? Buying used books instead of new ones. For anyone looking for ways to save money on textbooks, we have suggestions here.
4. What they do feel, looking back, is that their education was a good investment (big relief to us parents who paid up!) but that the reputation of the school they attended was NOT what was important.
5. On average they expect and hope to become financially independent at 23. We hope so too…
6. AND our favorite, young millennials, your kids and ours, would be EMBARRASSED to still be living at home at 28.
The study queried 2001 young Americans between March 17-22, 2017