Top 4 Things I Love About Dave Ramsey Baby Steps (And 4 Things I’d Change)

Dave Ramsey has helped thousands of people around the world through the 7 Baby Steps for financial peace and freedom.

The process works.

His book titled the Total Money Makeover has had some impressive sales numbers. The book has sold over 5 million copies and has been on the Wall Street Journal Best-Selling list for over 500 weeks. (That data is from August 2017, over 4 years ago, so it’s sold more by now.)

So, we know that the 7 Baby Steps work. There’s a lot to love above the process, and we will address 4 of those attributes here. We will also cover 4 things that we think could be updated this year (as it has been almost 30 years since the Baby Steps were created).

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7 Baby Steps really do work. There are three great reasons why the plan actual works:

a. The Baby Steps Force You To Get Gazelle Intense When It Comes To Paying Off Debt

I’ll mention this later, but I really appreciate that Dave Ramsey keeps the emergency fund smaller to force you to be gazelle intense. Having such a small emergency fund of $1000 really does force you to get out of debt faster because having too much money in the bank can cause you to stagnate. 

b. Dave Strongly Encourages Your Behavior Modification

Too many financial gurus don’t give it to you straight. They may tell you that you need to invest in real estate or cryptocurrency.  It often feels like a lie that you can achieve financial freedom without putting in a lot of work.

Dave Ramsey comes off as blunt many times, but he forces people to confront that the debt is often our fault (with some exceptions). His bluntness, along with the Baby Steps, forces you to self-reflect.

c. The Plan Is Simple And Shows How You Need To Focus On One Step At A Time

I’ll mention this more below, but it’s evident that his focused intensity on the Baby Steps plan helps you stay focused on the task. You complete the first 3 steps consecutively and the following 4 steps concurrently in a prioritized order. 

You don’t have to multitask. Also, you don’t need to think about another step. You just need to focus on the step at hand.

2) Dave Ramsey Is Right That You Need A Plan

Dave Ramsey has many helpful quotes. One of my favorite of Dave Ramsey’s quotes is, “You must plan your work and then work your plan”. 

Too often we go through life without a plan, but we expect that everything is going to work out just fine. I remember the first time I budgeted.  I thought that I spent a certain amount of money on eating out each month, only to realize that number was much higher.

We need plans. It could be a debt payoff plan to stay on top of your debt. It could also be a budget to understand your income and expenses. Or it could be a plan to pay off your home early as per Baby Step 6.

Dave Ramsey understood that which is why the Baby Steps plan is so useful. You stick to the plan and you get out of debt. Voila.

3) The Baby Steps Get Progressively More Challenging

One thing I noticed early was that the Baby Steps seems to get progressively more challenging. This helps build momentum. It is much easier to save $1000 than to pay off your house early. By starting and taking baby steps, the baby steps themselves actually don’t feel very babyish. 

Paying off your home early per Baby Step 6 feels much more like a big kid step, but it’s still just a Baby Step like the others. It’s impressive how Dave structured these baby steps.

4) The Community Around Dave Ramsey Baby Steps Is Incredible

You don’t have to look far to realize that the community around Dave Ramsey is incredible. You can take a Financial Peace University class at your local church. These classes are excellent to encourage you and help keep you accountable while you eliminate debt. You’ll learn the baby steps inside and out with others in your community. 

You can also be a part of a vibrant Dave Ramsey Facebook Community. Personally, I am a part of many of these communities where I receive a ton of encouragement when sharing wins and losses in the process of debt elimination.

There’s a lot to love about the Dave Ramsey Baby Step method.

Now, let’s cover a few things that could use a refresh.

1) Can Creating A Budget Be Baby Step #1?

I am a budget fanatic. I would love to see a Baby Step dedicated to budgeting. Why? Because budgeting helps you understand where every dollar goes. I used “every dollar” like that on purpose because Dave Ramsey himself created a budget app called EveryDollar for that very purpose.

What better way to understand how much money you have to put towards your emergency fund than starting with a budget.

I am not sure why Dave doesn’t start with a budget, but I would be keen to start the Baby Steps with creating one.

2) Dave Ramsey’s Emergency Fund May Need A Refresh

Dave Ramsey’s emergency fund calls you to save $1,000 in Baby Step 1. Is $1,000 enough? It really depends. 

First, adjusted for inflation, $1,000 in 1990 is now worth $2,043.26 per the US Inflation Calculator.

Dave Ramsey's emergency fund needs to be larger due to inflation

There’s a plethora of questions you can ask yourself when considering whether the emergency fund is big enough, such as:

  1. How much debt do you have to pay off?
  2. Do you own a home?
  3. How old is your car?
  4. How many kids do you have?
  5. Do you have insurance?

Another question I like to ask is, “where do you live?”. Personally, my family and I live in the Bay Area, California where the cost of living tends to be quite high. $1,000 wouldn’t get us very far.

3) Is The Snowball Method The Best Way To Pay Off Debt?

As a refresh, the debt snowball method means that you line up your debts from smallest to largest and pay your monthly extra to your smallest debt first then snowball into higher debts. The debt avalanche method is where you line up your debts from the highest interest rate and use your monthly extra to pay off the highest interest first. The savvy debt method is where you pay off 1-2 of your smallest balances first via snowball before reverting to the avalanche method to save the most in interest.

Dave Ramsey loves the debt snowball method. It has worked for many people, so why wouldn’t he? He feels the opposite for the debt avalanche where he mentions that it doesn’t work.

The challenge is that you could lose thousands in interest if your smallest debts also have the smallest interest rates. This can be possible because higher debt amounts carry a higher risk to the lenders, meaning potentially higher interest rates.

You can see how much the snowball method loses in comparison through this debt payoff calculator which compares interest paid from snowball to savvy methods. For reference, we are comparing 4 debts: $23,000 at 22%, $18,000 at 19%, $12,000 at 9% and $8,000 at 7% interest rate. The monthly payment is $1,825.00

debt snowball versus other debt payoff methods

In this example, you would lose over $3,500 in interest by choosing the snowball method.

Does that mean that the snowball method is always worse? Absolutely not. The snowball method may provide the psychological benefit that you need to exterminate your debt.

You choose the debt payoff app and debt payoff method that is best for you.

4) Should You Follow Dave Ramsey’s Advice And Pay Off Your House Early Or Invest?

Dave Ramsey loves mutual funds and paying off your home early. My question is what if your mutual funds are making so much more in interest than paying off your home would save you?

Wouldn’t the prudent thing be to continue to pay off your home and then get the higher interest from investing in mutual funds?  It’s not a one size fits all solution, but it is something to consider.

There are also often benefits of not paying off your home early such as interest paid being tax-deductible. That said, you would really need to determine whether you would make more money from mutual funds than saving from interest payments to determine what’s best for you.

What Do You Think About The Baby Steps?

The Dave Ramsey Baby Steps have helped thousands around the globe. What do you like about the Baby Steps? Do you agree or disagree with what we would change in 2021?

4 things I love about Dave Ramsey's baby steps and 4 things I'd change

Top 4 Things I Love About Dave Ramsey Baby Steps (And 4 Things I'd Change)

Source: biblemoneymatters.com

Is it Wise to Use Personal Credit for Business Finances?

Whether you want to start a business or to finance one that is already functioning, you may find your financing options reduced to taking a loan. In such a case, you have the option of taking either a personal or a business loan.

Given the unpredictable nature of businesses, it may not be wise to mix your personal and business finances. This advice notwithstanding, there are some circumstances in which using personal credit for business finances makes sense.

When to use personal credit for business finance

Starting a BusinessStarting a BusinessWhen your personal credit is more attractive

Credit score is among the main factors that determine the amount and rate of a loan. If your venture hasn’t established a good credit, a business loan may not be advisable.

Such a loan will probably be denied or approved under restrictive terms and high rates. On the other hand, you can still access finances by going for a personal loan if your credit score is more attractive.

When you are setting up

Lenders will require proof of the revenue generated by the business to determine its capability in repaying the loan. This requirement puts you at a disadvantage when you’re setting up. Without any experience or books to show, a personal loan maybe the only way to go.

When you have no collateral

Business loans are mostly offered as secured loans. This means that collateral is required before approval. When starting a business you probably have no asset that can be tied to the loan or may not want to risk other existing assets due to the risk associated with businesses.  In such a scenario, a personal loan will do since it requires no collateral.

When the loan is within personal credit limit

Business loans attract higher interest rates than personal credit. However, personal credit comes with a lower limit compared to that of a business. The question you should ask yourself is; how much do you need and what will it cost you?

When the amount you need can be covered by personal credit, then go for it. You will avoid paying heftier interest that could run into thousands of dollar if you were to take a business loan.

When you don’t have a business plan

Another requirement for a business loan is an elaborate business plan. That’s easier said than done. The passion and hard work that you are ready to put into your venture cannot be captured on paper. What lenders want to see is an actionable plan that shows how capital will be utilized and the expected returns; to the last dollar!

In addition to this, lenders set stringent measures on how a business loan is to be utilized. Instead of allowing these requirements and terms to curtail your venture, you can tap into your personal credit as you get a feel of the business environment.

That said,

Personal credit might be cheaper and a good alternative to a business loan, but there are a few things to consider;

The major drive of setting up of a business is to generate profit. You inject part of the returns back into the business, and with time it grows into greater heights. If successful; what started out as a small business will one day grow into a huge venture.

To achieve that major boost, you may find yourself in need of a sizable amount. When self-funding can’t cover this, you may have to turn to lenders for a business loan.

Lenders will be more willing to finance your business if they have taken part in its growth. The point here is that, your bank needs to recognize your business as separate entity.

This kind of recognition is only possible if you take and manage business loans with them. Not only will this push your loan applications to the top of the pile, but you will get financial advice from the bank.

Final Take

Using personal credit for business finances is wise if it makes business sense to your specific venture. If it comes down to letting your business go under or abandoning your dream business for lack of financing, you have a winner. However, you should also be aware that personal credit does not elevate your business credit, something which may come in handy for future financial needs.

Source: creditabsolute.com

13 Good Side Hustles From Home You Can Start This Weekend

If you’re looking to increase your income and you’re ready to take action, the side hustles covered in this article could all be started this weekend.

Some side hustles allow you to start making money immediately and others involve building a business with excellent long-term income potential.

Regardless of your situation, you’re sure to find something that’s a good fit for you.

Good side hustles from home

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make an extra $500 per month, and that’s realistic with a blog.

The downside to blogging is that you’ll need some patience. Growing a blog from scratch takes time, and most bloggers make very little money in the first 6-12 months. However, once you’ve gained some momentum, it’s a great way to make money online. 

Why You Might Want to Start a Blog:

  • Unlimited income potential.
  • Flexibility to work around your existing schedule.
  • You can start a blog on the topic of your choice.
  • Potential to make money on your own without the need for client services.
  • Easy and inexpensive to start.

How to Get Started

The first step is to decide what you’re going to blog about. While you don’t need to be passionate about the topic of your blog, it helps if you at least have some interest in the subject. Working on the blog will be a lot more fun if it’s something you enjoy.

Next, you’ll need to sign up for a web hosting account to get your blog set up. I recommend Bluehost for new bloggers because their prices are among the lowest in the industry, and it’s straightforward to get set up. The article How to Make Money Blogging as a Side Hustle is a great guide you can follow.

2. Start a YouTube Channel

Starting a YouTube channel is another enticing option that offers many of the same benefits as blogging. It’s a flexible opportunity that offers significant income potential. The difference is, you’ll be creating content in video format instead of written format. If you enjoy being on camera more than you enjoy writing, YouTube may be a better opportunity than blogging for you.

The highest-earning YouTubers are making tens of millions of dollars per year, and the numbers keep growing each year. As the amount of video content consumed by the average person continues to increase, the earning potential for YouTubers will also increase.

Like starting a blog, growing your YouTube channel will take time, and you aren’t likely to start making money right away. The most common way to monetize a YouTube channel is through the YouTube Partner Program, which allows you to make money from ads on your videos. You’ll need at least 1,000 subscribers and 4,000 watch hours to be eligible for the program. Those numbers may seem high, but many active YouTube channels can reach that level within a few months.

Why You Might Want to Start a YouTube Channel:

  • Unlimited income potential.
  • Surging demand for video content.
  • Less competition than blogging.
  • Can be a lot of fun.

How to Get Started

YouTube for Beginners is a course from Skillshare that was created by an experienced and successful YouTuber. It teaches everything you need to know to start and grow your channel.

3. Online Surveys

The first two options I’ve mentioned offer excellent long-term income potential but will take some time before you start making money. Taking online surveys is the exact opposite. You’re not going to get rich by taking surveys, but this is a highly flexible side hustle, and you can start making money immediately.

If you’re looking to make an extra $100 per month, or maybe a few hundred dollars per month, taking surveys could be a good option. There are several survey websites and money making apps you can use to start making money right away. Some of the best choices include:

Surveys are appealing because anyone can do this side hustle. You don’t need any particular skills or experience to make money in your spare time.

Why You Might Want to Take Online Surveys:

  • Extreme flexibility: take surveys whenever you have a few minutes to spare.
  • Anyone can do it. No specific skills or experience required.
  • Start making money right away.
  • Sites like Swagbucks offer lots of ways to make money in addition to surveys.

How to Get Started

Getting started is quick and easy. Create a free account at the top sites like Swagbucks and Survey Junkie, complete your profile, and begin taking surveys. Each site will have different rules regarding the amount of money or points you need to earn before withdrawing the cash or redeeming points. Swagbucks allows you to redeem points as soon as you have enough for a $3 gift card, making it one of the best options.

4. Flea Market Flipping

Good side hustles from home - flea market flipper

If you enjoy finding amazing deals at yard sales, flea markets, auctions, estate sales, or thrift stores, becoming a flipper could be the right choice for you. This side hustle involves buying underpriced items and reselling them for a profit.

Finding valuable items at places like yard sales and flea markets is pretty easy with a little effort. Many people are simply looking to get rid of their stuff, and you can find some great deals. Most flippers resell the items online through eBay, the Facebook Marketplace, Craigslist, or other similar sites and apps. 

Flipping is a flexible side hustle you can do whenever you have the time or need to make some extra money. It’s also possible to start earning a profit very quickly.

Why You Might Want to Become a Flipper:

  • Can be fun if you enjoy finding great deals.
  • Good income potential.
  • You can learn the skills quickly.
  • Great fit for people who don’t want to spend all of their time online.

How to Get Started

To get started, all you need to do is head out to some yard sales or flea markets this weekend and look for underpriced items to buy. It’s best to start with products that you know well. With a little bit of experience, you’ll get more familiar and more comfortable with a broader range of products. See this list of the easiest things to flip for profit as a guide for getting started.

5. Furniture Flipping

Most of the items you buy at yard sales or flea markets to flip will involve minimal work to get them ready to sell. You might clean up an item or make minor repairs, but in most cases, you’ll be making money primarily by finding things that are worth more than they’re selling for. 

Flipping furniture is different because it requires putting in several hours of work to restore the item before selling it. The idea is to find a low-priced (or free) piece of furniture that has the potential to be much more valuable if it is restored or refinished. Solid wood furniture is ideal because you can increase the value simply by painting or staining it. Upholstered furniture can be reupholstered for a completely new look, increasing the value relatively quickly.

If you enjoy working with your hands and turning something old and unwanted into something valuable, this could be the perfect opportunity for you. Learning how to repair or restore furniture is not that difficult, and there are plenty of YouTube videos that will teach you for free.

You can find items to flip at yard sales or drive around and look at pieces out for the trash. Once your item is ready to sell, the Facebook Marketplace and Craigslist are ideal for reaching people in your local area.

Why You Might Want to Flip Furniture:

  • Work whenever you have time or whenever you need money.
  • High demand for restored furniture.
  • Anyone can learn the skills.
  • Start making money quickly.

How to Get Started

To get started, you’ll need to find your first piece to flip. Take a look around your home or apartment, and you may already have an ideal item. Working on a piece of furniture you already own is a perfect way to start. It means that you won’t have to spend any money buying an item, and it gives you a chance to make a profit quickly. If you don’t have anything, head to some yard sales this weekend and see what you can find.

6. Investing

Over the past year, investing as a side hustle has become increasingly popular. Stories of part-time investors making huge sums of money have been in the news a lot. Of course, the stock market’s trajectory over the past year made that more manageable, but this is a side hustle you might want to consider if you enjoy personal finance and investing.

It’s critical to remember that investing comes with risk, and you shouldn’t invest money that you can’t afford to lose. However, there’s also a substantial upside if you have success with it.

Platforms and apps that are ideal for new traders include:

Of course, investing in the stock market isn’t the only option. You could also invest more passively in real estate or other types of alternative investments. Some platforms you might want to consider include:

You can also find plenty of alternative investment options here.

Why You Might Want to Start Investing:

  • Excellent long-term potential.
  • Opportunity for exponential growth.
  • Valuable skills to learn.

How to Get Started

To get started, decide which type of investing you want to do. This beginner’s guide is a good resource for anyone who wants to get started with the stock market.

7. Photography

Good side hustles from home - photographer

Are you a hobbyist photographer? Would you like to start making money from that hobby? 

There are several different ways to make money with photography, but we’ll look at two great options for getting started as a side hustle: client photo sessions and stock photography.

No matter where you live, there are people in your local area looking for a photographer. You could take photos of families, engaged couples, high school seniors, sports teams, and much more. 

Making some part-time money by offering photography services is relatively easy. Scaling it to a full-time income is much more challenging. If you’re looking for a way to make a few hundred dollars per month on the side and you have some photography skills, consider offering your services to others.

Another option is to upload your photos to stock photo websites like Adobe Stock, Shutterstock, and many others. You’ll be able to earn money every time a customer downloads one of your photos.

The stock photography market is highly competitive, so it’s not easy to make a considerable amount of money. But if you’re looking for a way to make a few hundred dollars per month, it’s very realistic. To have success, you’ll need to upload many photos and keep taking and uploading new pictures all the time. 

Why You Might Want to Become a Photographer:

  • Monetize your existing hobby.
  • Variety of ways to make money.
  • Potential to grow into a full-time business.

How to Get Started

Choose whether you want to offer services to clients or upload your photos to stock marketplaces (or both).

For client work, the best way to get started is with friends and family. Talk to everyone you know and offer a low price to begin to get some business. With a little bit of experience, you’ll get to build up your portfolio and benefit from word-of-mouth advertising.

To get started with stock photography, choose a platform you want to use. Ultimately, you’ll want to upload your photos to several different sites to maximize your income potential, but it can be helpful to start with just one, so it’s not overwhelming. Each stock photo site will have an application process to become a contributor. You’ll probably need to upload some samples, so get ten of your best photos ready to go.

8. Freelancing

You can offer many different services as a freelancer, including writing, editing, proofreading, web or graphic design, coding and development, marketing, and more.

Freelancing is a great way to make money because you can use the skills you already have to start making money quickly. You’ve probably developed some skills at a previous job (or maybe your current job), or even through a hobby.

The income potential with most freelance services is also outstanding, making it ideal for growing to a full-time income if that’s something you want to pursue.

Why You Might Want to Start Freelancing:

  • Lots of possibilities and many services you could offer.
  • Monetize the skills and experience you already have.
  • Excellent income potential.
  • Flexible working hours.

How to Get Started

My article How to Make Money Online for Beginners covers the steps to follow if you want to start as a freelancer.

9. Virtual Assistant

Working as a virtual assistant or VA is one of the best opportunities available in 2021. Many businesses are looking to outsource more work, and as a VA, there are numerous different services you could offer.

Many VAs do things like general administrative tasks, blog editing, moderate forums or Facebook groups, management of social media profiles, and much more.

Working as a VA is a very flexible side hustle that fits around your existing schedule. It’s something you could do part-time or work on growing your client base and turn it into a full-time business.

Why You Might Want to Become a VA:

  • High demand for talented and reliable VAs.
  • Work as much or as little as you want.
  • Monetize your existing skills.
  • Good income potential.

How to Get Started

Gina Horkey’s Fully-Booked VA is an excellent resource for anyone who wants to make money as a virtual assistant. There’s training for all aspects of running your business, and you’ll be able to learn from an experienced and successful VA.

10. Self-Published Author

Good side hustles from home - self-published author

If you like to write, you might want to consider becoming a self-published author as a way to make some extra money. With print-on-demand platforms like Amazon’s Kindle Direct Publishing (KDP), becoming an author has never been easier. There’s no need to send your writing to a bunch of publishers hoping to hear back.

Through KDP, you can sell e-books and paperbacks without the need to spend any money on inventory. The paperbacks are printed as they’re purchased, and Amazon handles all of those details.

You can write whatever type of book interests you, covering any topic or genre you choose. You probably already have some experience you could use to write a book that others would buy.

Why You Might Want to Become a Self-Published Author:

  • Make money doing something you enjoy.
  • Making money as an author has never been more realistic.
  • Completely flexible. Work whenever you want.
  • Potential for passive income.

How to Get Started

From First Draft to Bestseller is a detailed and thorough course that teaches how to make money as a self-published author.

11. Sell on Etsy

If you’re crafty, you might enjoy selling on Etsy. You could sell handmade or vintage items, or even design and sell digital products like printables. 

Selling on Etsy is a side hustle that may take some time to become profitable because you’ll need to work on getting exposure and growing your shop. The long-term potential is solid, but you’ll probably need to put in a lot of work early on. 

Why You Might Want to Start an Etsy Shop:

  • Monetize your crafty hobby.
  • Work around your existing schedule.
  • Excellent income potential.

How to Get Started

The course Building an Etsy Shop That Sells is an excellent starting point. Beginners will learn all of the necessary details related to getting started on Etsy.

12. Microtasks

The opportunity to make money with microtasks is very similar to taking online surveys. You’re not going to make a lot of money per hour, but what it lacks in income potential, it makes up in terms of flexibility.

Several websites like Amazon’s Mechanical Turk and Clickworker pay people to do small, simple tasks that take no more than a few minutes. Some survey websites like Swagbucks also offer a variety of tasks you can do for money or rewards. 

You can work on microtasks whenever you have some spare time, as much or as little as you want. And like surveys, anyone can do the work. You don’t need skills or experience, aside from fundamental computer skills.

Why You Might Want to Do Microtasks:

  • Extreme flexibility. Work whenever you want, as much or as little as you want.
  • Anyone can do it. No skills or experience needed.
  • Start making money right away.

How to Get Started

To get started, create a profile at a microtasking site like MTurk or Clickworker. The signup process is easy, and you’ll be able to start completing tasks very quickly.

13. Rental Business

One of the more overlooked side hustles involves renting out your stuff. There are many different things you could rent, including:

  • Tools
  • Baby gear
  • Car, truck, or bike
  • RV
  • Storage space 
  • Room or unit in your home
  • Parking space

With a rental business, you’ll be making money because of your assets, not because of the amount of time you’re working. If you have things that people are willing to pay to use, you might be able to make a decent amount of money on the side without working many hours.

Why You Might Want to Start a Rental Business:

  • Turn things you’re not using into income-generating assets.
  • Make money from your assets, not trading your time for money.
  • Lots of different things you could rent out.

How to Get Started

Take a look at the things you already have. Try to find anything that might have value that you’d be willing to rent out. You can use a website like Fat Llama to list just about anything for rent or use a specialized platform like RVshare to rent out a specific type of item. Use Airbnb to rent a room or vacation home.

Final Thoughts

If you’re interested in making some extra money outside of a job, why not take action right away? This article covers 13 good side hustles you could start this weekend, and most of them involve minimal startup costs or no cost at all.

Pick one that seems like a good fit for you and commit to taking action this weekend!

good side hustles from home to make extra money

13 Good Side Hustles From Home You Can Start This Weekend13 Good Side Hustles From Home You Can Start This Weekend

Source: biblemoneymatters.com

7 Tips for a Successful Transition After High School

High school graduation is a huge accomplishment. It’s the culmination of 12 dedicated years in the classroom, but it’s only the beginning of adulthood. Mighty Mommy shares seven tips to help your graduate transition to a fulfilling adult life.

By

Cheryl Butler
June 14, 2021

to-do list.”

Learning to manage your time is one of the most critical skills for leading a productive life. But it’s also one of the most difficult to learn. I assumed that my kids would follow suit with my organizational skillset, but I quickly learned that most of them had no concept of managing their time. 

We practiced this skill a lot in our household. We made lists, figured out how much time every task needed, and worked backwards to understand when something needed to start in order to finish on time. It takes practice, but once they hone in on the concept of being in control of their time, they will master the rest of their goals much more quickly.  

Check out the episode Time Management Tips for College Students to prepare your high school grad for adult life.

Tip #2: Understanding personal finances is critical

When I was in high school (many moons ago), the emphasis was on algebra, calculus, and geometry. I don’t recall one class that focused on personal finance. That has changed a bit now, but if there is one critical skill I’d wish for every high school graduate to take seriously, it’s getting a handle on personal finance. 

Learning to manage your money means understanding how to keep track of your income and expenses. This includes managing a debit and credit card, setting a budget, saving money, and investing.

Quick and Dirty Tips’ financial expert, Laura Adams, has lots of practical advice for all stages of life. Her popular episode, How to Create a Personal Finance System for Money Success, has tangible steps to understand and navigate your finances. 

Tip #3: Communication skills are key

Financial know-how is essential, but another winning skill for all high school graduates is the art of communication. Good communication skills include speaking, listening, writing, and non-verbally using body language, eye contact, and even posture. 

Effective communication takes practice, but now is the time for your young adult to pay attention to how he/she interacts with others so that this skill can be groomed and perfected. It will be critical for their professional and personal success.

Check out this helpful video, 5 Conversation and Communications Tips (With Exercises), that can help anyone kick their communication skills up a notch or two!  

Tip #4: Don’t let stuff manage your life

It’s easy to get swept away with the novelty of having the latest electronics, smartphones, sports equipment, trendy clothes, and other accessories. But at what cost? In my episode Here’s What Happened When I Became a Minimalist Mom, I share the down-to-earth benefits of not letting material possessions rule your life. If your student can grasp this now rather than later, he/she will live a well-intentioned life.  

It’s easy to get swept away with the novelty of having the latest electronics, smartphones, sports equipment, trendy clothes, and other accessories. But at what cost?

Tip #5: Your health is not optional

I remember how alive and free I felt after graduating high school. I was active, healthy, and full of energy. Because I was young and wasn’t sick often, I know I didn’t prioritize my health. 

I consider myself lucky to have sustained good health with such a carefree attitude, but I remind my eight kids never to take their health for granted. As young adults start venturing into the world independently, they need to recognize the importance of maintaining good health, in both body and mind. Have open and candid health conversations with your kids, including recognizing the risks of substance abuse and sexual health and safety.

For more excellent health and fitness advice, check out the Get-Fit Guy and Nutrition Diva podcasts.  

Tip #6: Never stop learning

When we graduate from high school or college, many of us are ready for a learning break. It’s normal to want to walk away from textbooks, structured curriculums, and course deadlines, but we all soon realize that life is a learning journey. 

Quick and Dirty Tips’ workplace expert Rachel Cooke (aka the Modern Mentor), shared some excellent advice on how to stay hungry in the quest to learn more in her episode The 2021 Career Wisdom You Need from Ruth Bader Ginsburg. She shared a great quote from the late Supreme Court Justice in response to a letter from an eight-year-old girl: 

“Reading is the key that opens doors to many good things in life. Reading shaped my dreams, and more reading helped me make my dreams come true.” 

There are endless ways to fill your mind with new information. Listen to podcasts, find topics that interest you on YouTube, explore your local library, visit museums, attend free talks at nearby universities. The only limits are the ones created by you. 

Tip #7: Cultivate meaningful relationships

High school is usually a time when kids bond and make some of their best friends. Once graduation happens, however, kids head off to different colleges or paths in life. New friendships will blossom after graduation, along with romantic partners, work relationships, and professional interests. 

Those of us who have had lifelong besties are truly blessed. In addition, having a close relationship with siblings, cousins, and other family members is also essential. 

Encourage your young adult to nurture quality friendships and special relationships as part of his/her’s transition into the world of adulthood. The Mayo Clinic’s article, “Friendships: Enrich Your Life and Improve Your Health,” explains that solid friendships play a significant role in promoting our overall health and offer suggestions on cultivating these relationships.