Lately, I have been coming across lots of articles in which the writers recount the financial moves they regret. On my part, I am going to take a diametrically opposite approach, and recount some four financial moves that I am grateful to have made. Here we go.
The first financial move that I am grateful to have made is that of going to college and later to business school. My earnings today would almost certainly be lower, if I hadn’t made these moves. I would probably also be struggling to get jobs, if I hadn’t taken the trouble to acquire a BA and an MBA.
The second financial move that I am grateful to have made is that of minimizing the amount of student loan debt I raked up. If I hadn’t taken this step, today I would almost certainly be struggling with the repayments.
The third financial move that I am grateful to have made is that of investing in real estate at any early age. I figured out why people invest in stocks at an early age, and opted to avoid that easy option, and instead invested in real estate. My properties have appreciated in value over the years, and I am grateful I made this strategic move.
The fourth financial move that I am grateful to have made is that of avoiding credit cards in my earlier years. If I had taken up credit cards in those years — before I became truly responsible financially — my credit score today would almost certainly be sub-optimal. But because I resisted the urge to do so, today, I have a reasonably healthy credit score. And over time, I have become financially responsible: I, for instance, always find myself being keen to go to the eService.gap.com portal regularly to clear my Gap credit card balances in a timely manner – as I simply can’t stand the idea of having an outstanding balance. That, as I view it, is a sign of financial maturity — a sign of being financially responsible. In the earlier years, I would have struggled with these things.