If I could sit down with my younger self and offer a heartfelt conversation, it would revolve around the two pillars of a well-lived life: financial wisdom and life perspective.
It wouldn’t be a lecture, but more like quiet guidance—a few truths, a handful of practical tips, and a strong encouragement to seek advice when needed. Life is unpredictable, but with the right approach, you can navigate it with greater confidence, security, and meaning.
Start early, no matter how little you have.
The first thing I’d say is this: don’t wait until you’re earning more to start managing your money wisely. Begin with what you have. Whether it’s your first job, a side hustle, or even a student allowance—start saving and investing early. Compound interest is one of life’s quiet superpowers. A small amount invested in your twenties can become a sizeable nest egg by the time you’re older. You don’t need to be rich to build wealth. You just need time, consistency, and patience.
Spend with intention, not impulse.
It’s easy to get caught up in the buzz of consumerism—new clothes, the latest phone, expensive weekends. But over time, these quick wins rarely translate into long-term happiness or security. I’d tell my younger self to track where the money goes, even for just a few months. You don’t need to become obsessed with budgets, but you should be aware. Ask yourself, “Does this purchase align with what I really value?” Learning to differentiate between wants and needs will set the foundation for financial freedom later.
Avoid debt like it’s a bad habit.
Some debts are necessary—like a home loan or perhaps a student loan—but many others can become financial traps. Credit card debt, personal loans for material items, or high-interest repayments for things you don’t need can quickly spiral out of control. I’d advise my younger self to build a buffer: an emergency fund that covers three to six months of expenses. This not only protects against life’s curveballs but also reduces the temptation to borrow under pressure.
Learn to say no.
There’s a kind of pressure that comes with keeping up—social outings, group holidays, gifts, trends. While it’s great to experience life and make memories, it’s okay to say no. It’s okay to choose long-term peace of mind over short-term approval. You don’t owe anyone a lifestyle you can’t afford.
Ask for help, and seek advice often.
Perhaps the most important advice I’d pass on is this: don’t try to figure everything out on your own. There’s no shame in asking questions or admitting you don’t understand something. Financial literacy isn’t taught in most schools, and the world of superannuation, taxes, investing, and insurance can be overwhelming. Find people you trust—mentors, financial advisers, even older friends—and ask them what they’ve learned. Use free tools, read books, attend workshops, and when it comes to making big financial decisions, always consider professional advice. A good adviser can help you avoid costly mistakes and guide you toward goals you hadn’t even considered.
Invest in yourself, not just your bank account.
Financial security is vital, but so is emotional and personal growth. Invest time in learning, in building skills, and in looking after your health. Read widely, travel if you can, and don’t neglect relationships. Money is a tool, not a measure of success. True wealth includes peace of mind, purpose, and a life well-lived.
In the end, I’d remind my younger self that mistakes will happen—they’re part of growth. But with mindfulness, courage to ask for help, and consistent small steps, you can build a life that feels rich in every sense. What you do with your money matters, but even more important is how your money enables you to live with integrity, joy, and freedom.
If this article has inspired you to think about your unique situation and, more importantly, what you and your family are going through right now, please get in touch with your advice professional.
This information does not consider any person’s objectives, financial situation, or needs. Before making a decision, you should consider whether it is appropriate in light of your particular objectives, financial situation, or needs.
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Disclaimer: The information contained in this article is general in nature and does not take into account your personal objectives, financial situation or needs. Please consider whether the information is appropriate to your circumstance before acting on it and, where appropriate, seek professional advice.