Starting your career is an exciting time, full of possibility, challenge, and growth. But the habits you build in these early years can set the tone for your long-term financial health and professional success.
Here are 10 tips for anyone looking to make the most of their early career.
Your professional network is a valuable tool to build and can compound over time, just like money. Don’t wait until you need a job to connect. Be curious, offer value, and stay in touch with colleagues, mentors, and peers.
Take the time to read through your benefits package. Health insurance, retirement plans, HSA/FSA accounts, tuition assistance, and employee discounts can add tremendous value each year. Know what’s available and use it!
If your employer offers a 401(k), start contributing as soon as possible, especially if there’s a match (it’s free money!). Even small contributions in your 20s can grow significantly thanks to compound interest. Don’t have access to a 401(k)? Look into IRAs.
Time is your greatest asset when it comes to investing. The sooner you start, the more you can benefit from long-term growth. If you feel uncomfortable doing this on your own, consider reaching out to a financial professional for help.
A budget isn’t about restriction, it’s about intention. Knowing where your money goes helps you spend in ways that align with your values and goals. Budgeting apps can also help to automate tracking and simplify the process.
High-interest debt can quickly undo progress. Make it a non-negotiable habit to pay off your credit card in full each month. This builds credit, avoids costly interest, and sets you up for larger financial moves down the line.
Whether it’s saving for a home, paying off student loans, or building an emergency fund, having clear goals gives your financial decisions purpose. Revisit and revise these goals as your life and priorities evolve.
Burnout can derail both your career and your finances. Set boundaries early, use your PTO, and create space for rest, relationships, and health. A sustainable pace is key to long-term harmony.
Ask questions. Seek feedback. Stay open to new ideas and industries. Lifelong curiosity can lead to better decisions, new opportunities, and stronger adaptability, all essential traits in a fast-changing world.
Early wins are exciting, but sustainable success takes time. Focus on steady growth in your skills, your savings, and your self-awareness. Don’t let comparison or short-term noise distract you from your own path.
This material is being provided for informational or educational purposes only. Those seeking information regarding their particular investment needs should contact a financial professional. The opinions expressed were current as of the date of posting but are subject to change without notice due to market, political, or economic conditions.