All Things Financial Planning Blog

4 Ways for Graduates to Get onto Sound Financial Footing

32 Comments


As graduates seek to start their careers, many have high expectations, and many questions on how to get ahead. Below are four things I’ve learned over the course of my first decade in the working world.

  1. Save. Save now. Savings will not only allow you to retire one day, but they will also let you take advantage of opportunities that may require you to take time off work, or to start your own business one day. Put aside 10% of your wages right away, and increase that every year by another 1-2% until you reach 20%. For ideas on where to save and how to save while paying off debt, read my past blog titled ‘Debt Payoff Strategies.’
  2. Savings alone isn’t enough… you need to invest. Recent studies show that younger employees are the most interested in conservative, guaranteed income. Older (and wiser) participants had lower expectations that guarantees were the best way to maintain their wealth.
  3. Think like an employer. Jobs like you might see in a movie like Office Space, where employees may do a few hours of work over the course of a weeks just won’t exist for you. To get ahead you have to think like you’re the boss if you ever want to become the boss (or, if you want to become your own boss).
  4. Continue to learn. Perhaps the best way to use your savings may be to invest in yourself, which may mean going back to school. The payoff from investing in yourself and a new degree, or simply learning new skills on your own, may not lead to much now, but can open any number of doors over the long-run.

robertSchmanskyRobert Schmansky, CFP®
Financial Advisor
Clear Financial Advisors, LLC
Royal Oak, MI

Author: Robert Schmansky, CFP®

Robert Schmansky, CFP(r) is a financial advisor with Clear Financial Advisors, LLC, in Bloomfield Hills, Michigan. A student of personal finance, Rob holds a Masters Degree in Economics, and post-graduate certificates in financial planning. Rob has been an adjunct instructor of CERTIFIED FINANCIAL PLANNER(tm) courses, and speaker to military families on personal finance issues. Rob writes on financial literacy and investments for FPA, Forbes, and his blog the Clear Money blog.

32 thoughts on “4 Ways for Graduates to Get onto Sound Financial Footing

  1. Excellent post. I hadn\\\’t thought of this. Thanks for the tips!

  2. I just want to mention I’m newbie to blogging and site-building and absolutely enjoyed your web blog. Probably I’m likely to bookmark your blog post . You certainly have good posts. Thanks a lot for sharing your webpage.

  3. Nice information, many thanks to the author. What is Sound financial footing? Share your more thoughts

  4. save. save as early as now to reap the sweetest fruit of your labor.

  5. I every time spent my half an hour to read this blog’s articles or reviews daily along with a cup of coffee.

  6. Hi there, I enjoy reading through your post. I wanted to write a
    little comment to support you.

  7. Hi! I could have sworn I’ve been to this website before but after
    looking at some of the posts I realized it’s new to me.
    Anyways, I’m definitely happy I stumbled upon it and I’ll be book-marking it and checking back regularly!

  8. I do not comment, however I read some of the responses here 4 Ways for Graduates
    to Get onto Sound Financial Footing | All Things Financial Planning Blog.
    I actually do have 2 questions for you if you do not mind.
    Could it be just me or do a few of the responses appear like they are coming
    from brain dead individuals? 😛 And, if you are writing at other online social sites,
    I would like to keep up with you. Would you list of
    all of all your social pages like your twitter feed,
    Facebook page or linkedin profile?

  9. Hi there I am so thrilled I found your weblog, I really found you
    by mistake, while I was browsing on Digg for something else,
    Regardless I am here now and would just like to say thanks for a remarkable post and a
    all round entertaining blog (I also love the theme/design), I don’t have time
    to read through it all at the moment but I have bookmarked
    it and also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the excellent
    work.

  10. Hey there! This is kind of off topic but I need some
    advice from an established blog. Is it very hard to set up your own blog?
    I’m not very techincal but I can figure things out pretty fast.
    I’m thinking about setting up my own but I’m not sure where to begin.
    Do you have any tips or suggestions? Thanks

  11. This post is genuinely a nice one it assists new web users, who
    are wishing in favor of blogging.

  12. Does your website have a contact page? I’m having problems locating it but,
    I’d like to shoot you an e-mail. I’ve got some creative ideas
    for your blog you might be interested in hearing. Either way, great website and I look forward to
    seeing it develop over time.

  13. Everything is very open with a precise clarification
    of the challenges. It was truly informative. Your website is very helpful.
    Thank you for sharing!

  14. It’s in fact very complex in this full of activity life to listen news on Television, thus I simply use world wide web for that reason, and take the most recent
    news.

  15. Appreciating the dedication you put into your website and detailed information you provide.
    It’s awesome to come across a blog every once in a while that isn’t the same outdated rehashed
    information. Great read! I’ve bookmarked your
    site and I’m including your RSS feeds to my
    Google account.

  16. Wonderful, what a web site it is! This weblog gives valuable information to
    us, keep it up.

  17. My brother suggested I may like this web site. He was totally right.

    This put up actually made my day. You can not believe simply how a lot time I had spent for this information!
    Thanks!

  18. If you have a very young puppy, do not expect them to learn “Go to your door” for many weeks
    or months; still give them the command in a happy voice, and have someone inside show them where their
    door is every time. Can your cat be safe from being bullied by other stray
    cats. ‘ The coat color can change until the Persian cat is five years of age or even
    older.

  19. Magnificent goods from you, man. I have understand your stuff previous to and you’re just too excellent.
    I really like what you’ve acquired here, certainly like
    what you are saying and the way in which you say it. You make it entertaining and you still take care of to keep it wise.

    I cant wait to read far more from you. This is really a wonderful web site.

  20. This website was… how do you say it? Relevant!!
    Finally I have found something that helped me. Appreciate it!

  21. Hello, Neat post. There is a problem with your web site in web explorer, would test this?
    IE still is the marketplace leader and a huge portion of folks will pass over
    your great writing due to this problem.

  22. clash of lords hack features a large purpose throughout U .

    s . Lifestyle. Some people are frequently seen enjoying pursuits related to clash of lords hack tool.
    It is to some extent mainly because individuals of most age range is usually engaged as well as
    family members are introduced jointly by simply this kind of.
    Commonly a person which demonstrates their dislike regarding clash of lords hack could
    be thought to be an outcast.

  23. Part of the 2010 financial overhaul legislation known as the Volcker rule
    is designed to prevent banks from placing bets for their own profit, a practice known as proprietary trading.
    After all, women make up the largest percentage of paid sex workers, and it is known as “the oldest profession. Although the underlying theme is sad, the song is funny and tells all about Autralia’s native animals.

  24. Good post. I learn something new and challenging on websites I stumbleupon every day.

    It’s always exciting to read articles from other writers and
    practice something from other sites.

  25. Pretty part of content. I just stumbled upon your weblog and
    in accession capital to assert that I get in fact enjoyed account your weblog posts.
    Any way I will be subscribing for your feeds or even I fulfillment you get right of entry to
    persistently rapidly.

  26. I am actually thankful to the owner of this website who has shared this impressive post at here.

  27. What’s up, I read your new stuff regularly. Your story-telling style is awesome,
    keep it up!

  28. I was wondering if you ever considered changing the layout of your website?
    Its very well written; I love what youve got to say.

    But maybe you could a little more in the way of content so people could connect
    with it better. Youve got an awful lot of text for only having one or
    2 images. Maybe you could space it out better?

  29. Since the admin of this web site is working, no hesitation very shortly
    it will be famous, due to its feature contents.

  30. I am really loving the theme/design of your weblog.
    Do you ever run into any web browser compatibility problems?
    A small number of my blog readers have complained about my website not working correctly in Explorer but looks great in Opera.
    Do you have any tips to help fix this problem?

  31. Hey there just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading
    correctly. I’m not sure why but I think its a linking issue.
    I’ve tried it in two different web browsers and both show the same outcome.

    desk support software افضل شركة تنظيف بجدة desk support software desk support software شركات تنظيف بالرياض desk support software شركة تنظيف شقق
    بالرياض افضل شركة مكافحة حشرات بالدمام
    desk support software افضل شركة تنظيف بالدمام desk support software desk support software desk support software desk
    support software افضل رش مبيدات قبل صبة النظافة افضل شركة
    جلى بلاط بالرياض
    desk support software desk support software desk support software desk
    support software desk support software desk support
    software desk support software desk support software
    افضل شركة تنظيف بجدة desk support software desk support software افضل شركة جلى بلاط بالرياض desk support software
    desk support software desk support software desk
    support software
    افضل شركة تنظيف موكيت بالرياض desk support software افضل شركة
    تنظيف بيارات بالرياض افضل شركة تنظيف
    خزانات المياه بالرياض افضل شركات
    تنظيف بالرياض افضل شركة مكافحة حشرات بالدمام desk support software
    desk support software
    افضل شركة مكافحة الصراصير بالرياض desk support software desk support software desk support software شركة تنظيف شقق desk support software افضل شركة تخزين اثاث بالرياض desk support software
    افضل شركة تخزين اثاث بالرياض افضل شركة تنظيف بالدمام desk support software desk support software desk support software desk support software desk support software desk support software
    desk support software desk support software desk support software desk
    support software desk support software
    {افضل شركة مكافحة الصراصير بالرياض desk
    support software desk support software

  32. Hi to every single one, it’s genuinely a good for
    me to visit this web site, it includes useful Information.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s