#financialadvice #careeradvice #personalfinance
Student Loan Debt
If you’re feeling overwhelmed by student loan debt, you’re not alone. Many young adults are facing the same challenge as they navigate post-graduate life. It’s essential to have a clear understanding of your student loan situation and explore options for repayment. Consider looking into income-driven repayment plans or refinancing options to make your monthly payments more manageable.
Side Hustle Opportunities
Instead of feeling stuck in a job you hate, consider leveraging your artistic talents to create a side hustle. You mentioned your passion for drawing and painting, so why not explore selling your art online or offering graphic design services on freelance platforms? Building a side business can be a great way to generate extra income while pursuing your graphic design program.
Financial Literacy and Investing
Don’t be intimidated by the world of investing and stocks. There are plenty of resources available online to help you learn the basics of investing and start building a diversified portfolio. Consider starting small with robo-advisors or investing apps that allow you to invest with minimal funds. Developing financial literacy is crucial for building long-term wealth and achieving your goals.
Setting Financial Goals
It’s great that you have big dreams for your career and future. Setting specific financial goals can help you stay motivated and on track. Whether it’s saving for a trip to Japan, building an emergency fund, or paying off debt, having clear objectives can guide your financial decisions. Take the time to map out short-term and long-term goals and create a budget that aligns with your aspirations.
Seeking Professional Guidance
If you’re feeling overwhelmed or unsure of how to proceed, don’t hesitate to seek advice from a financial advisor. They can help you assess your current financial situation, develop a plan for achieving your goals, and provide personalized recommendations based on your unique circumstances. Working with a professional can give you the confidence and clarity you need to move forward with your financial journey.
In conclusion, turning 24 is a pivotal moment in your life, and it’s never too late to take control of your finances and pursue your dreams. By exploring new opportunities, building financial literacy, setting clear goals, and seeking guidance when needed, you can create a path to financial stability and success. Remember, it’s okay to ask for help and take proactive steps towards a brighter financial future. Good luck on your journey! 🌟 #financialfreedom
If you’re interested in living in Japan, teaching English might be a way to make that happen. Used to be (don’t know if it’s still the case) that you could land a job as long as you had a 4 year college degree, which you have.
First breathe and take it day by day. Watch the Money Guy Show on YouTube!!!!! You need discipline, time and money. And that show will set you up for a great future and ultimately financial freedom. The time piece is the most important aspect to have, and you’ve got it! Graphic design was a good choice. Work hard for yourself and your future.
Try to get a paid internship, agency or corporate. Getting experience from other creative pros is invaluable.
A lot of this reads like my 20s life stories. Laptop so busted, I duct taped a picture frame to the back of my computer to hold it up…. worked great though.
All I’d suggest is to try and get a job that fits your schooling schedule and is somehow graphic design/art-adjacent, even if it means taking a paycut. Restaurant industry is a waste of time if you the industry isn’t in your long term career goals and especially if you hate it.
Broke isn’t terrible, but don’t go in to credit card debt over it. Without the income, getting out will take much longer than you think.
If you’ve been doing design for a while already why can’t you get design jobs now on a project or contract basis? Build a graphic design portfolio of actual client work.
I absolutely encourage you to stay living with your family until you finish your degree and have a full-time job you can use to pay rent. Please don’t worry that you’re “wasting your 20s”- everyone lives life at their own pace. Take time to enjoy your classes, enjoy creating art, and to enjoy time with friends as well.
Can you find another place to work as a server where you can make bigger tips? Maybe a higher end restaurant or somewhere where you can move into a bartending position? I think also if you remind yourself that working in the restaurant industry is a temporary means to save up for following your dreams, and set yourself a date to quit for good, that could maybe help.
Finally, and most importantly- what are your expenses? What’s your monthly income? (Feel free to reply for more help, or to just think about it on your own) Track your spending and figure out exactly where your money is going. You don’t have a car payment or rent, so it seems like you should now be able to set aside the majority of your income from serving to build up your savings.
I think you can definitely get your shit together by 25 if you define it as 1) Saving a certain amount in your savings account. 2) Taking time to learn more about investing. 3) Planning tangible steps towards moving yourself toward your artistic career. (Or something similar!) ❤️