{"id":10078,"date":"2024-06-03T14:43:40","date_gmt":"2024-06-03T18:43:40","guid":{"rendered":"https:\/\/kerryhannon.com\/?p=10078"},"modified":"2024-06-03T14:43:40","modified_gmt":"2024-06-03T18:43:40","slug":"for-college-grads-some-tips-to-get-moving-on-the-work-and-money-path","status":"publish","type":"post","link":"https:\/\/kerryhannon.com\/?p=10078","title":{"rendered":"For college grads, some tips to get moving on the work and money path"},"content":{"rendered":"<div id=\"caas-content-body\">\n<div id=\"content-wrapper\">\n<div id=\"module-article\">\n<div id=\"caas-art-6f44ade1-7439-4069-b28d-e18fdbc51b55\" class=\"caas caas-cc finance allowSendingDomainPathToNCP editorialUpsells enableAdSlotsOneSlot enableCommentsCountViaOpenweb enableExpApi enableGAMAds enableGAMMomentsAds enableInArticleAd enableInlineConsent enableNRU enableSingleSlotting enableVideoDocking enableXrayCardsFollowButton enableXrayEntityAboutFacts enableXrayHyperloopCards enableXrayNcp enableXrayTickerEntities exposeYctIds filterNonGdprEmbeds hulkMonalixaUpsell liveBlogPolling noRapidClickClass outStream showCommentsIconInShareSec caas-click-attached\" data-assets=\"[]\" data-device=\"desktop\" data-i18n=\"{&quot;{date} at {time}&quot;:&quot;{date} at {time}&quot;,&quot;{0} hr ago&quot;:&quot;{0} hr ago&quot;,&quot;{0} min ago&quot;:&quot;{0} min ago&quot;,&quot;{0} mins ago&quot;:&quot;{0} mins ago&quot;,&quot;{0} Views&quot;:&quot;{0} Views&quot;,&quot;INLINE_CONSENT_BLOCKED_3P_BUTTON_ALLOW&quot;:&quot;Allow&quot;,&quot;LESS&quot;:&quot;Less&quot;,&quot;LIVE_IS_OVER&quot;:&quot;LIVE COVERAGE IS OVER&quot;,&quot;LOADING&quot;:&quot;Loading&quot;,&quot;MORE&quot;:&quot;More&quot;,&quot;NEW_UPDATE&quot;:&quot;new update&quot;,&quot;NEW_UPDATES&quot;:&quot;new updates&quot;,&quot;JUST_NOW&quot;:&quot;Just now&quot;,&quot;RELOAD&quot;:&quot;Click to reload with latest update&quot;,&quot;SEE {0} MORE&quot;:&quot;See {0} more&quot;,&quot;SEE_LESS&quot;:&quot;See less&quot;,&quot;SEE_MORE&quot;:&quot;See more&quot;,&quot;SHOW_MORE&quot;:&quot;Show more updates&quot;,&quot;TODAY&quot;:&quot;Today&quot;,&quot;TRY_AGAIN&quot;:&quot;Something went wrong. 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It was Duke University\u2019s, and I was beaming as my niece accepted her Bachelor of Science diploma.<\/p>\n<div class=\"caas-da \"><\/div>\n<p>That day, singer-songwriter John Legend addressed the Class of 2021 in Wallace Wade Stadium, urging the Blue Devils to delight in the moment.<\/p>\n<p>\u201cBeing together is the point,\u201d he said. \u201cBeing joyous is the point. Celebrating is the point. We have so few moments to enjoy these rites of passage \u2014 to just revel in our accomplishments with the people we love.\u201d<\/p>\n<p>His final push was this message: Keep learning, be curious about other people, and let love guide you.<\/p>\n<p>In the spirit of the wealth of knowledge I&#8217;ve scooped over the years as a financial columnist and author, I offer these tips to this year\u2019s graduates.<\/p>\n<h2 id=\"lay-out-audacious-financial-goals\" class=\"caas-jump-link-heading\">Lay out audacious financial goals<\/h2>\n<p>Money may not buy you happiness, but it does buy you freedom. The goal is to have enough money to spend your life the way you want. That might mean prioritizing time with family and friends. Or soaking up sweet moments like vacations. Or having the ability to pursue hobbies and things you\u2019re passionate about without being anxious about money.<\/p>\n<p><strong><a href=\"https:\/\/finance.yahoo.com\/news\/money-buys-you-freedom-advice-for-new-college-graduates-113036881.html\">Read on Yahoo Finance<\/a><\/strong><\/p>\n<h2 id=\"give-yourself-permission-to-dream\" class=\"caas-jump-link-heading\">Give yourself permission to dream<\/h2>\n<p>My dad always said, \u201cYou have to dream to get there.\u201d Design a vision board with photos, either a virtual one or place actual photos on your desk that show places you\u2019d like to go, where you hope to live one day, and even a cause you want to be able to support.<\/p>\n<p>For years, as my motivation to save for things I wanted in my life, I have kept a photo of a beautiful farm in Virginia with views of the Blue Ridge mountains in the background as my motivator and a beach in St. Barths. It worked when I was in my 20s, and it still works its magic. I have achieved these things.<\/p>\n<h2 id=\"make-an-actionable-plan\" class=\"caas-jump-link-heading\">Make an actionable plan<\/h2>\n<p>For me, setting a dollar amount as my goal doesn\u2019t motivate me as much as envisioning what it is I\u2019m saving and investing for. These change as you roll through the years, so be nimble and ready to let some go to make room for ones you can\u2019t even imagine right now.<\/p>\n<p>The first step is building a budget. Once you\u2019ve been working for a couple of months, take the time to run your numbers. By then you\u2019ll have a grip on your take-home pay (after taxes) and your monthly spending.<\/p>\n<p>Add up the basics, like your rent, utilities, groceries, transportation,<a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/when-do-student-loans-resume-203115948.html\" data-i13n=\"cpos:1;pos:1\" data-ylk=\"slk:student loans;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"14\" data-v9y=\"1\">\u00a0student loans<\/a>, and car loan. That\u2019ll let you know how much is left over for discretionary spending and saving. Aim for low-cost living expenses where those fixed living costs are below 50% of your gross income.<\/p>\n<p><em>Read more:\u00a0<\/em><a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/mint-alternatives-185036797.html\" data-i13n=\"cpos:2;pos:1\" data-ylk=\"slk:Need a new budgeting tool? Try one of these 5 Mint alternatives.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"16\" data-v9y=\"0\"><em>Need a new budgeting tool? Try one of these 5 Mint alternatives.<\/em><\/a><\/p>\n<h2 id=\"steer-clear-of-the-ill-pay-it-back-tomorrow-mentality\" class=\"caas-jump-link-heading\">Steer clear of the &#8216;I\u2019ll pay it back tomorrow&#8217; mentality<\/h2>\n<p>Debt is a dream killer and is the biggest roadblock to building a life filled with possibilities and options.<\/p>\n<p>One in 3 Americans carries credit card balances from month to month, and that adds up. I got caught myself. After I graduated, I lived in New York City and spent far more than was reasonable on my reporter salary.<\/p>\n<p>One of the fallouts of debt that\u2019s frequently overlooked is it can trap you in a job simply because you need it to pay those monthly bills. That\u2019s soul-sucking.<\/p>\n<p>I admit this anti-debt advice will be tough for many new grads to follow. According to Fidelity Investments, 2 in 3 students will graduate with student loan debt. One possible helpline: A growing number of employers are offering student loan matching, thanks to the SECURE 2.0 legislation, which allows employers to treat student loan debt payments as if they are 401(k) contributions.<\/p>\n<p><em>Read more:\u00a0<\/em><a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/best-way-to-pay-off-credit-card-debt-181733926.html\" data-i13n=\"cpos:3;pos:1\" data-ylk=\"slk:The best ways to pay off credit card debt;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"17\" data-v9y=\"0\"><em>The best ways to pay off credit card debt<\/em><\/a><\/p>\n<h2 id=\"save-for-retirement-at-work\" class=\"caas-jump-link-heading\">Save for retirement at work<\/h2>\n<p>You might be reluctant to set aside money that you can\u2019t tap easily for years to come and rationalize that you need the dough right now for more pressing living expenses. I get that, but the automatic feature of a 401(k) makes it seamless, and when the money is skimmed off pre-tax, you hardly notice it.<\/p>\n<p>Saving for retirement seems so far in the future, but replace the word retirement with life. You are saving for life.<\/p>\n<p>To do this, take advantage of your employer\u2019s 401(k) or similar retirement plan. The earlier you start saving, the more that money will compound and grow for you. So contribute as much as you can to your employer\u2019s retirement plan, and don\u2019t cash out if you feel pinched for cash or when you change jobs. More on this in a minute.<\/p>\n<p>At the very least, set aside enough to qualify for your employer\u2019s full matching funds if you can. Most employers require workers to save between 4% and 6% of their pay to get the full match.<\/p>\n<p><em>Read more:\u00a0<\/em><a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/401k-contribution-limits-175430718.html\" data-i13n=\"cpos:4;pos:1\" data-ylk=\"slk:How much can you contribute to your 401(k)?;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"18\" data-v9y=\"0\"><em>How much can you contribute to your 401(k)?<\/em><\/a><\/p>\n<h2 id=\"invest-in-a-diverse-mix-of-low-cost-index-funds\" class=\"caas-jump-link-heading\">Invest in a diverse mix of low-cost index funds<\/h2>\n<p>For most people, beating the market is unrealistic. An easy way to get started is to buy three funds: an index fund offering exposure to the entire US stock market; an index fund that will give you exposure to both developed foreign stock markets and emerging stock markets; and an index fund that owns the broad US bond market. Index funds let you grab the market return at the lowest possible cost.<\/p>\n<p>At this stage of your life, stocks should be your priority. For a rough idea of how much, take 125 minus your age, and that\u2019s what percent of your retirement savings should be earmarked for stock funds. The best strategy is to capture the market return at the lowest possible cost and the way you do that is through index funds.<\/p>\n<p>If you really want to keep it simple, you might do what Jordan Belfort, author of\u00a0<a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/news\/the-wolf-of-wall-street-why-the-sp-500-index-is-still-the-ticket-to-riches-173042506.html\" data-i13n=\"cpos:5;pos:1\" data-ylk=\"slk:\u201cThe Wolf of Investing,\u201d;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"19\" data-v9y=\"0\">\u201cThe Wolf of Investing,\u201d<\/a>\u00a0told me: Stick to an S&amp;P 500 index fund, which so far this year is up 10.99% and has gained about 10.7% on average annually since it was introduced in 1957.<\/p>\n<p>Sure it sounds dull, but there are some sizzling tech stocks along with proven winners in the S&amp;P 500 index, which includes Microsoft, Amazon, Alphabet, Tesla, Meta, and Berkshire Hathaway.<\/p>\n<p><em>Read more:\u00a0<\/em><a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/how-to-start-investing-162530701.html\" data-i13n=\"cpos:6;pos:1\" data-ylk=\"slk:How to start investing: A step-by-step guide;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"20\" data-v9y=\"0\"><em>How to start investing: A step-by-step guide<\/em><\/a><\/p>\n<h2 id=\"take-advantage-of-a-roth-401k-or-ira\" class=\"caas-jump-link-heading\">Take advantage of a Roth 401(k) or IRA<\/h2>\n<p>Many of you will be starting off as a contract worker or working for an employer who doesn\u2019t offer a retirement plan. About half of Americans are in that boat. Automating savings can help \u2014 even $25 per pay period that you set aside in an IRA that you open at a financial services firm such as Fidelity, T. Rowe Price, or Vanguard.<\/p>\n<p>Kickstart your saving habit now. It\u2019s not the dollar amount that matters. Once you get going, you&#8217;ll see you can do that, and you can increase it to $50, then $100, and so on.<\/p>\n<p>Time is on your side: The average savings tenure of Fidelity\u2019s 401(k) account millionaires is 26 years. What that means is that steadily investing over the long term adds up.<\/p>\n<h2 id=\"ramp-up-your-investment-mojo\" class=\"caas-jump-link-heading\">Ramp up your investment mojo<\/h2>\n<p>Take the time to learn how the stock and bond markets function. This will help you\u00a0<a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/news\/heres-what-to-do-with-your-retirement-savings-while-the-markets-are-shaky-110042043.html\" data-i13n=\"cpos:7;pos:1\" data-ylk=\"slk:stay the course when the market gets rattled;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"21\" data-v9y=\"1\">stay the course when the market gets rattled<\/a>. There are several good books you might pick up, such as the bestselling\u00a0<a class=\"link \" href=\"https:\/\/www.amazon.com\/Get-Financial-Life-Personal-Twenties\/dp\/1476782385\/ref=asc_df_1476782385\/?tag=hyprod-20&amp;linkCode=df0&amp;hvadid=693463267832&amp;hvpos=&amp;hvnetw=g&amp;hvrand=1551195947874926845&amp;hvpone=&amp;hvptwo=&amp;hvqmt=&amp;hvdev=c&amp;hvdvcmdl=&amp;hvlocint=&amp;hvlocphy=9007538&amp;hvtargid=pla-455421430300&amp;psc=1&amp;mcid=69f5ee7725603121a5634ba0fad9a590&amp;gad_source=1\" target=\"_blank\" rel=\"nofollow noopener\" data-i13n=\"cpos:8;pos:1\" data-ylk=\"slk:\u201cGet a Financial Life: Personal Finance In Your 20s and 30s\u201d;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"22\" data-v9y=\"1\">\u201cGet a Financial Life: Personal Finance In Your 20s and 30s\u201d<\/a>\u00a0by Beth Kobliner, a noted personal finance commentator; Farnoosh Torabi\u2019s \u201c<a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/news\/qa-why-a-healthy-state-of-panic-is-nothing-to-fear-171644838.html\" data-i13n=\"cpos:9;pos:1\" data-ylk=\"slk:A Healthy State of Panic: Follow Your Fears to Build Wealth, Crush Your Career, and Win at Life.\u201d;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"23\" data-v9y=\"1\">A Healthy State of Panic: Follow Your Fears to Build Wealth, Crush Your Career, and Win at Life.\u201d<\/a>\u00a0or Brian Preston\u2019s\u00a0<a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/news\/millionaire-mission-author-discusses-wealth-building-an-incredibly-optimistic-time-223414361.html\" data-i13n=\"cpos:10;pos:1\" data-ylk=\"slk:\u201cMillionaire Mission: A 9-Step System to Level-Up Your Finances and Build Wealth.;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"24\" data-v9y=\"1\">\u201cMillionaire Mission: A 9-Step System to Level-Up Your Finances and Build Wealth.<\/a>\u201d<\/p>\n<h2 id=\"dont-raid-your-401k\" class=\"caas-jump-link-heading\">Don\u2019t raid your 401(k)<\/h2>\n<p>I stumbled here. When I switched jobs at age 30, I cashed out my first 401(k). Imagining what that money might be worth today, decades later, is disturbing.<\/p>\n<p>Build your emergency fund.<\/p>\n<p>Most financial advisers suggest you set aside six months of living expenses for an emergency. But if you can gradually ramp up to a year\u2019s worth, do. A money market mutual fund or a high-yield savings account is a smart, safe place to stash this money.<\/p>\n<p><em>Read more:\u00a0<\/em><a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/best-high-yield-money-market-203017193.html\" data-i13n=\"cpos:11;pos:1\" data-ylk=\"slk:The best money market account rates;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"25\" data-v9y=\"1\"><em>The best money market account rates<\/em><\/a><em>\u00a0and\u00a0<\/em><a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/best-high-yield-savings-account-203140689.html\" data-i13n=\"cpos:12;pos:1\" data-ylk=\"slk:10 best high-yield savings accounts;cpos:12;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"26\" data-v9y=\"1\"><em>10 best high-yield savings accounts<\/em><\/a><\/p>\n<h2 id=\"be-the-ceo-of-your-career\" class=\"caas-jump-link-heading\"><strong>Be the CEO of your career<\/strong><\/h2>\n<p>You will probably have lots of twists and turns in your career. I doubt it will be a linear one with one employer. So you need to keep your skills sharp and add new ones. Importantly, nourish your network by staying in touch with classmates and former colleagues from summer jobs and internships. Do this at every step of the way as you move through your working life from job to job.<\/p>\n<p>You never know when you might be able to help them with their career and job search or vice versa.<\/p>\n<h2 id=\"be-proactive\" class=\"caas-jump-link-heading\"><strong>Be proactive<\/strong><\/h2>\n<p>Don\u2019t wait to be asked to work on projects that interest you. Raise your hand. If there\u2019s a training program that can push you ahead, ask to be included in it.<\/p>\n<p>Go to industry conferences and meet people in your field. Find a mentor and work together to create your career path.<\/p>\n<p>Be confident about negotiating for a higher salary, but do your research on what others in your position are paid and be clear on why you should get a bump up. You\u2019ll need to show it with results, preferably ones that are quantifiable.<\/p>\n<h2 id=\"give-back\" class=\"caas-jump-link-heading\">Give back<\/h2>\n<p>When you feel smothered and pressured on the job, get outside of your head and into the world. Doing something for someone else always makes you feel better. And volunteering can open up networking opportunities, so it could one day lead you to your next job.<\/p>\n<figure id=\"attachment_10080\" aria-describedby=\"caption-attachment-10080\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/kerryhannon.com\/?attachment_id=10080\" rel=\"attachment wp-att-10080\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"10080\" data-permalink=\"https:\/\/kerryhannon.com\/?attachment_id=10080\" data-orig-file=\"https:\/\/i0.wp.com\/kerryhannon.com\/wp-content\/uploads\/2024\/06\/IMG_0114-scaled.jpeg?fit=1920%2C2560&amp;ssl=1\" data-orig-size=\"1920,2560\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone SE (3rd generation)&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1715004677&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;3.99&quot;,&quot;iso&quot;:&quot;25&quot;,&quot;shutter_speed&quot;:&quot;0.0046948356807512&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"IMG_0114\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/kerryhannon.com\/wp-content\/uploads\/2024\/06\/IMG_0114-scaled.jpeg?fit=225%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/kerryhannon.com\/wp-content\/uploads\/2024\/06\/IMG_0114-scaled.jpeg?fit=640%2C853&amp;ssl=1\" class=\"wp-image-10080 size-large\" src=\"https:\/\/i0.wp.com\/kerryhannon.com\/wp-content\/uploads\/2024\/06\/IMG_0114.jpeg?resize=640%2C853&#038;ssl=1\" alt=\"\" width=\"640\" height=\"853\" srcset=\"https:\/\/i0.wp.com\/kerryhannon.com\/wp-content\/uploads\/2024\/06\/IMG_0114-scaled.jpeg?resize=768%2C1024&amp;ssl=1 768w, https:\/\/i0.wp.com\/kerryhannon.com\/wp-content\/uploads\/2024\/06\/IMG_0114-scaled.jpeg?resize=225%2C300&amp;ssl=1 225w, https:\/\/i0.wp.com\/kerryhannon.com\/wp-content\/uploads\/2024\/06\/IMG_0114-scaled.jpeg?resize=1152%2C1536&amp;ssl=1 1152w, https:\/\/i0.wp.com\/kerryhannon.com\/wp-content\/uploads\/2024\/06\/IMG_0114-scaled.jpeg?resize=1536%2C2048&amp;ssl=1 1536w, https:\/\/i0.wp.com\/kerryhannon.com\/wp-content\/uploads\/2024\/06\/IMG_0114-scaled.jpeg?w=1920&amp;ssl=1 1920w, https:\/\/i0.wp.com\/kerryhannon.com\/wp-content\/uploads\/2024\/06\/IMG_0114-scaled.jpeg?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-10080\" class=\"wp-caption-text\">Spending on adventure has a priceless payback. Kerry with Cliff Hackel, Verona Italy.<\/figcaption><\/figure>\n<h2 id=\"spend-on-life-adventures\" class=\"caas-jump-link-heading\">Spend on life adventures<\/h2>\n<p>Spending for fun exploits has a different kind of payback. (And as my Irish father always said about money, \u201cYou can\u2019t take it with you.\u201d)<\/p>\n<p>The summer I graduated from college, I shelled out $1,500 I\u2019d saved from summer jobs to go on my first trip to Europe with my older brother. That experience has paid me back with decades of storytelling and memories that are priceless. For three weeks, we slept on trains and in youth hostels, lugging our knapsacks from town to town and country to country. I hope that you use a portion of any graduation check you might receive for a travel fund.<\/p>\n<p><em>Read more:\u00a0<\/em><a class=\"link yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/best-travel-credit-card-203950032.html\" data-i13n=\"cpos:13;pos:1\" data-ylk=\"slk:Best travel credit cards;cpos:13;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-rapid_p=\"27\" data-v9y=\"1\"><em>Best travel credit cards<\/em><\/a><\/p>\n<h2 id=\"pause-and-laugh\" class=\"caas-jump-link-heading\">Pause and laugh<\/h2>\n<p>Money aside, perhaps my biggest piece of advice is to pause from time to time and savor where you are right now. Be present for the conversation, the moon rise, the laughter. There is so much pressure to succeed and build wealth, that we forget to appreciate what\u2019s happening now.<\/p>\n<p>One more note about the value of laughter from this year\u2019s Duke commencement speaker, Jerry Seinfeld: \u201cDo not lose your sense of humor. You can have no idea at this point in your life how much you are going to need it to get through.\u201d<\/p>\n<div class=\"caas-attr author\">\n<div class=\"caas-attr-meta\">\n<div class=\"caas-attr-item-author\">\n<p><span class=\"caas-author-byline-collapse\" data-id=\"m-0\"><a class=\"link\" href=\"https:\/\/www.yahoo.com\/author\/kerry-hannon\/\" data-ylk=\"elm:author;slk:Kerry Hannon;itc:0\" data-rapid_p=\"4\" data-v9y=\"1\">Kerry Hannon<\/a><\/span><\/p>\n<div class=\"caas-attr-item\">Senior Columnist<\/div>\n<\/div>\n<div class=\"caas-attr-time-style\"><span class=\"caas-attr-mins-read\">9 min read<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"caas-content-contain-share\">\n<div class=\"caas-share-section \">\n<div class=\"caas-share-buttons\">\n<div id=\"caas-consolidated-share-btn\" class=\"caas-consolidated-share-btn\"><a class=\"link caas-attr-logo\" href=\"https:\/\/www.yahoo.com\/author\/kerry-hannon\/\" data-ylk=\"elm:author;slk:Kerry Hannon;itc:0\" data-rapid_p=\"3\" data-v9y=\"1\"><img decoding=\"async\" class=\"caas-img\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/4SPbKFGNjBI4WwNS..te9A--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTgwO2g9ODA7Y2Y9d2VicA--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2023-07\/41712030-1c23-11ee-bcf7-7d286db2677e\" alt=\"Kerry Hannon\" data-src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/4SPbKFGNjBI4WwNS..te9A--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTgwO2g9ODA7Y2Y9d2VicA--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2023-07\/41712030-1c23-11ee-bcf7-7d286db2677e\" \/><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em>Kerry Hannon is a Senior Columnist at Yahoo Finance. She is a career and retirement strategist, and the author of 14 books, including &#8220;<\/em><a class=\"link \" href=\"https:\/\/kerryhannon.com\/?page_id=9253\" target=\"_blank\" rel=\"nofollow noopener\" data-i13n=\"cpos:14;pos:1\" data-ylk=\"slk:In Control at 50+: How to Succeed in The New World of Work&quot;;cpos:14;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"28\" data-v9y=\"1\"><em>In Control at 50+: How to Succeed in The New World of Work&#8221;<\/em><\/a><em>\u00a0and &#8220;Never Too Old To Get Rich.&#8221; Follow her on X\u00a0<\/em><a class=\"link \" href=\"https:\/\/twitter.com\/KerryHannon\" target=\"_blank\" rel=\"nofollow noopener\" data-i13n=\"cpos:15;pos:1\" data-ylk=\"slk:@kerryhannon;cpos:15;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"29\" data-v9y=\"1\"><em>@kerryhannon<\/em><\/a><em>.<\/em><\/p>\n<p><a class=\"link \" href=\"https:\/\/finance.yahoo.com\/topic\/personal-finance\" data-i13n=\"cpos:16;pos:1\" data-ylk=\"slk:Click here for the latest personal finance news to help you with investing, paying off debt, buying a home, retirement, and more;cpos:16;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"30\" data-v9y=\"1\"><strong>Click here for the latest personal finance news to help you with investing, paying off debt, buying a home, retirement, and more<\/strong><\/a><\/p>\n<p><a class=\"link \" href=\"https:\/\/finance.yahoo.com\/news\/\" data-i13n=\"cpos:17;pos:1\" data-ylk=\"slk:Read the latest financial and business news from Yahoo;cpos:17;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"31\" data-v9y=\"1\"><strong>Read the latest financial and business news from Yahoo\u00a0<\/strong><\/a><a class=\"link \" href=\"https:\/\/finance.yahoo.com\/news\/\" data-i13n=\"cpos:18;pos:1\" data-ylk=\"slk:Finance;cpos:18;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"32\" data-v9y=\"1\"><strong>Finance<\/strong><\/a><\/p>\n<p><strong>Read more<br \/>\n<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"postArticle\" class=\"Pos(r) Mb($gridMargin) Mt(-20px) Pstart(106px) Pend(34%)\">\n<div id=\"module-editorialPicks\" class=\"wafer-rapid-module Mb(20px) wafer-rapid-tracked\">\n<div id=\"wafer-trending-bar\" class=\"Bdrs(8px) Bdw(1px) Bdc(#e0e4e9) Bds(s) Pb(20px) Px(20px)\">\n<ul class=\"common simple-list Pstart(0) List(n) Mt(24px)\">\n<li class=\"common simple-list-item stream-item D(n):e Mih(74px) Mt(28px) Mt(0):fc js-stream-content\">\n<div class=\"item-hover-trigger Pos(r)\">\n<div class=\"item-img-wrapper Pos(r) Fl(end) Mstart(20px) Ov(h) Fxs(0) Bdrs(8px) Z(0)\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"W(132px) H(74px) D(b) item-hover-trigger:h_Scale(1.05) Trs(listItemTransformTransition) wafer-img-native wafer-img-loaded\" src=\"https:\/\/i0.wp.com\/s.yimg.com\/uu\/api\/res\/1.2\/A6eenw5N9P7n1.gmvkbjcw--~B\/Zmk9c3RyaW07aD0xNDg7cT04MDt3PTI2NDthcHBpZD15dGFjaHlvbg--\/https%3A\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-05\/8bacaf10-1f66-11ef-b3ef-9efae62c9f8e.cf.webp?w=640&#038;ssl=1\" alt=\"\" data-wf-src=\"https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/A6eenw5N9P7n1.gmvkbjcw--~B\/Zmk9c3RyaW07aD0xNDg7cT04MDt3PTI2NDthcHBpZD15dGFjaHlvbg--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-05\/8bacaf10-1f66-11ef-b3ef-9efae62c9f8e.cf.webp\" \/><\/div>\n<div class=\"simple-item-content\">\n<h4 class=\"Fz(20px) Lh(1.4) Fw(600) D(b) Pos(r) T(2px) My(0) W(100%) Trs(colorTransition) item-hover-trigger:h_C($titleHoverColor)\"><a class=\"Td(n) C($inherit) Td(n) C($inherit) D(f) rapidnofollow\" href=\"https:\/\/finance.yahoo.com\/news\/beware-the-retirement-savings-time-bomb-tax-expert-warns-150007851.html\" data-uuid=\"df5f4e4f-7c27-494c-962a-120347cb1587\" data-ylk=\"elm:hdln;itc:0;pos:1;sec:readmore;subsec:readmore;cpos:1;ct:story;g:df5f4e4f-7c27-494c-962a-120347cb1587\" data-hosted-type=\"HOSTED\" data-rapid_p=\"1\" data-v9y=\"1\">Beware the retirement savings &#8216;time bomb,&#8217; tax expert warns<\/a><\/h4>\n<div class=\"StretchedBox Z(1)\"><\/div>\n<\/div>\n<\/div>\n<div class=\"action-bar Mt(8px) Mend(8px) D(f) Fld(r) Fxw(w) Jc(sb) Ai(c) Mih(19px) Pos(r)\">\n<div class=\"Fz(12px) C($commentColor)\"><span class=\"provider-name D(ib) Va(m) Ell Maw(115px)\">Yahoo Finance<\/span><span class=\"separator Px(4px) Va(m)\">\u00b7<\/span><span class=\"mins-read D(ib) Va(m) Ell Maw(115px)\">7 min read<\/span><\/div>\n<div class=\"actions\"><\/div>\n<\/div>\n<\/li>\n<li class=\"common simple-list-item stream-item D(n):e Mih(74px) Mt(28px) Mt(0):fc js-stream-content\">\n<div class=\"item-hover-trigger Pos(r)\">\n<div class=\"item-img-wrapper Pos(r) Fl(end) Mstart(20px) Ov(h) Fxs(0) Bdrs(8px) Z(0)\"><\/div>\n<div class=\"simple-item-content\">\n<h4 class=\"Fz(20px) Lh(1.4) Fw(600) D(b) Pos(r) T(2px) My(0) W(100%) Trs(colorTransition) item-hover-trigger:h_C($titleHoverColor)\"><a class=\"Td(n) C($inherit) Td(n) C($inherit) D(f) rapidnofollow\" href=\"https:\/\/finance.yahoo.com\/news\/gen-x-is-the-401k-experiment-generation-heres-how-thats-playing-out-100010909.html\" data-uuid=\"da38da01-6b9b-4bb8-93df-4eca26151ff3\" data-ylk=\"elm:hdln;itc:0;pos:1;sec:readmore;subsec:readmore;cpos:2;ct:story;g:da38da01-6b9b-4bb8-93df-4eca26151ff3\" data-hosted-type=\"HOSTED\" data-rapid_p=\"2\" data-v9y=\"1\">Gen X is the 401(k) &#8216;experiment generation.&#8217; Here&#8217;s how that&#8217;s playing out.<\/a><\/h4>\n<div class=\"StretchedBox Z(1)\"><\/div>\n<\/div>\n<\/div>\n<div class=\"action-bar Mt(8px) Mend(8px) D(f) Fld(r) Fxw(w) Jc(sb) Ai(c) Mih(19px) Pos(r)\">\n<div class=\"Fz(12px) C($commentColor)\"><span class=\"provider-name D(ib) Va(m) Ell Maw(115px)\">Yahoo Finance<\/span><span class=\"separator Px(4px) Va(m)\">\u00b7<\/span><span class=\"mins-read D(ib) Va(m) Ell Maw(115px)\">4 min read<\/span><\/div>\n<div class=\"actions\"><\/div>\n<\/div>\n<\/li>\n<li class=\"common simple-list-item stream-item D(n):e Mih(74px) Mt(28px) Mt(0):fc js-stream-content\">\n<div class=\"item-hover-trigger Pos(r)\">\n<div class=\"item-img-wrapper Pos(r) Fl(end) Mstart(20px) Ov(h) Fxs(0) Bdrs(8px) Z(0)\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"W(132px) H(74px) D(b) item-hover-trigger:h_Scale(1.05) Trs(listItemTransformTransition) wafer-img-native wafer-img-loaded\" src=\"https:\/\/i0.wp.com\/s.yimg.com\/uu\/api\/res\/1.2\/uvNrjCKzGNwwX2yltzvnGw--~B\/Zmk9c3RyaW07aD0xNDg7cT04MDt3PTI2NDthcHBpZD15dGFjaHlvbg--\/https%3A\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-05\/1d3a0ef0-19f9-11ef-9c9d-a869f1fff1a0.cf.webp?w=640&#038;ssl=1\" alt=\"\" data-wf-src=\"https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/uvNrjCKzGNwwX2yltzvnGw--~B\/Zmk9c3RyaW07aD0xNDg7cT04MDt3PTI2NDthcHBpZD15dGFjaHlvbg--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-05\/1d3a0ef0-19f9-11ef-9c9d-a869f1fff1a0.cf.webp\" \/><\/div>\n<div class=\"simple-item-content\">\n<h4 class=\"Fz(20px) Lh(1.4) Fw(600) D(b) Pos(r) T(2px) My(0) W(100%) Trs(colorTransition) item-hover-trigger:h_C($titleHoverColor)\"><a class=\"Td(n) C($inherit) Td(n) C($inherit) D(f) rapidnofollow\" href=\"https:\/\/finance.yahoo.com\/news\/millionaire-mission-author-discusses-wealth-building-an-incredibly-optimistic-time-223414361.html\" data-uuid=\"e820c86a-e170-4161-be13-59b3b50efa60\" data-ylk=\"elm:hdln;itc:0;pos:1;sec:readmore;subsec:readmore;cpos:3;ct:story;g:e820c86a-e170-4161-be13-59b3b50efa60\" data-hosted-type=\"HOSTED\" data-rapid_p=\"3\" data-v9y=\"1\">&#8216;Millionaire Mission&#8217; author discusses wealth building: &#8216;An incredibly optimistic time&#8217;<\/a><\/h4>\n<div class=\"StretchedBox Z(1)\"><\/div>\n<\/div>\n<\/div>\n<div class=\"action-bar Mt(8px) Mend(8px) D(f) Fld(r) Fxw(w) Jc(sb) Ai(c) Mih(19px) Pos(r)\">\n<div class=\"Fz(12px) C($commentColor)\"><span class=\"provider-name D(ib) Va(m) Ell Maw(115px)\">Yahoo Finance-6 min read<\/span><\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"padding-bottom:20px; padding-top:10px;\" class=\"hupso-share-buttons\"><!-- Hupso Share Buttons - http:\/\/www.hupso.com\/share\/ --><a class=\"hupso_toolbar\" href=\"http:\/\/www.hupso.com\/share\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/static.hupso.com\/share\/buttons\/share-small.png?w=640&#038;ssl=1\" style=\"border:0px; padding-top:5px; float:left;\" alt=\"Share Button\"\/><\/a><script type=\"text\/javascript\">var hupso_services_t=new Array(\"Twitter\",\"Facebook\",\"Google Plus\",\"Pinterest\",\"Linkedin\",\"StumbleUpon\",\"Digg\",\"Reddit\",\"Bebo\",\"Delicious\");var hupso_background_t=\"#EAF4FF\";var hupso_border_t=\"#66CCFF\";var hupso_toolbar_size_t=\"small\";var hupso_image_folder_url = \"\";var hupso_url_t=\"\";var hupso_title_t=\"For college grads, some tips to get moving on the work and money path\";<\/script><script type=\"text\/javascript\" src=\"https:\/\/static.hupso.com\/share\/js\/share_toolbar.js\"><\/script><!-- Hupso Share Buttons --><\/div>","protected":false},"excerpt":{"rendered":"<p>Money buys you freedom: Advice for new college graduates<\/p>\n<div style=\"padding-bottom:20px; 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