I'm 30. If you’re in your 20s, watch this.

Summary

In this video, the creator reflects on the lessons learned over the past decade since turning 30, offering 20 pieces of valuable advice for those in their 20s. Key insights include embracing career shifts, taking calculated risks, managing finances through budgeting, traveling while young, and investing in health and relationships. The creator emphasizes the importance of choosing the right partner, delaying gratification, and learning to balance spending and saving. Ultimately, the video encourages viewers to make thoughtful decisions, take action, and embrace discomfort for growth.

Takeaways

• 😀 Your career path is rarely linear. It's okay to start somewhere and pivot as you gain experience and discover new interests.
• 🚀 Take asymmetric risks. If the potential upside far outweighs the downside, take the leap and make bold decisions.
• 💸 Budgeting is essential for financial peace of mind. Use simple tools to track your income and expenses, helping you prepare for the unexpected.
• ✈️ Travel while you're young and healthy. Don't wait until retirement to explore the world—create lasting memories now.
• 💳 Don't fear credit cards. When used responsibly, they can offer rewards and improve your financial situation.
• 📚 Buy the books you're recommended. The knowledge gained from reading can be worth far more than the price of the book.
• 🏋️‍♂️ Invest in your health and fitness. Prioritize exercise and well-being to boost your energy and productivity for years to come.
• 💍 Save for wedding expenses. Don't overlook the hidden costs of weddings, both for yourself and others.
• ❤️ Marry the right person. A supportive partner with shared values can make your journey through life far easier and more fulfilling.
• ⏳ Delaying gratification is a superpower. Choose long-term benefits over immediate rewards to achieve your goals.

Q & A

What advice does the speaker give about career choices in your 20s?

The speaker advises that most people will not get their career choice right on the first try. It's important to start somewhere that aligns with your interests and skills, then work hard, take risks, and be flexible as you gain experience. Your first job or industry might not be the one you end up with, and that’s okay.

What does 'asymmetric risk' mean, and how did it impact the speaker's career?

Asymmetric risk refers to situations where the potential rewards far outweigh the possible losses. The speaker applied this concept when deciding to quit his corporate job and pursue YouTube. The potential upside of greater happiness and financial gain was much greater than the downside of possible financial struggle, which made it an acceptable risk.

Why is budgeting considered essential by the speaker?

Budgeting provides financial peace of mind by helping individuals understand their income, expenses, and burn rate. It gives clarity about how much time one can survive financially without income, allowing for better decision-making, especially when transitioning to self-employment or pursuing a passion project.

What is the speaker's view on traveling during your 20s?

The speaker stresses the importance of traveling while you're young and healthy. Traveling creates lasting memories, known as 'memory dividends,' and offers a chance to experience different cultures and lifestyles. However, he advises against going into debt for travel and suggests using points and rewards programs to make it more affordable.

How did the speaker’s perception of credit cards change over time?

Initially, the speaker was wary of credit cards due to negative perceptions of debt. However, after learning how to responsibly use credit cards for rewards, benefits, and improving his credit score, he became an advocate for them, as long as users pay off their balance in full and on time.

What impact does reading books have on personal growth according to the speaker?

Reading books, particularly on topics like personal finance, self-development, and business, is a powerful way to increase one’s human capital. By absorbing decades of expertise from authors, readers can gain valuable insights and ideas that can be worth tens of thousands of dollars over time.

How does the speaker suggest investing in health and fitness?

The speaker recommends consistently working out and investing in good fitness resources. This includes gym memberships or even building a home gym, which can improve energy levels and overall well-being. Fitness should be treated as an essential investment for long-term physical and mental health.

What financial advice does the speaker offer regarding weddings?

The speaker suggests planning ahead for wedding-related expenses, including gifts, travel, and accommodations. Setting aside a separate savings fund for these events can help avoid financial stress, as wedding costs can quickly add up, especially when attending multiple weddings in a year.

Why does the speaker emphasize choosing the right life partner?

Choosing the right person to marry is crucial for both wealth-building and personal happiness. A partner who shares similar values, goals, and money habits will make it easier to build a successful life together. The speaker reflects on how meeting his wife at 23 and marrying her at 28 was a pivotal and rewarding decision.

What does the speaker mean by 'choose your hard'?

'Choose your hard' refers to the idea that every path in life comes with its own set of challenges, whether it's getting fit, building wealth, or maintaining relationships. The key is to consciously choose the difficult path that leads to the best outcomes for personal growth and long-term happiness.