Avoid These 3 Things in Your 20s | Advice from a CEO
Introduction
Reflecting on the past decade, a CEO shares three regrets from their 20s and offers valuable advice to young adults about making the most of their 20s.
Reflecting on My 20s: Three Regrets I Have
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As I approach the end of my 30s, I find myself reflecting on the past decade and contemplating what I could have done differently in my 20s.
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One of my regrets is not spending enough money. While I advocate for financial responsibility, I realize that I was overly cautious with my finances during that period.
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Upon graduating and moving to New York City, I was taken aback by the taxes and felt an immediate fear of spending. I viewed money as something to be hoarded and feared, rather than a valuable resource. This mindset led me to live in subpar conditions and refrain from enjoying the fruits of my labor.
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Looking back, I now question why I was so afraid of spending. Would getting a slightly better apartment or treating myself to a nice dinner really have led me to financial ruin? I realize that my approach to money was unhealthy and inhibited me from fully experiencing life in my 20s.
The Regrets of a 30-something
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In my early 30s, I realized the importance of spending money to make money work for you. Looking back, I wish I had been more willing to spend on experiences, seeking help, and investing in resources. Instead, I was gripped by fear that the money would vanish at any moment, a feeling that still haunts me.
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The trauma of a declined debit card in New York City has left a lasting impact on me. I vividly remember sitting on the subway bench, tears in my eyes, feeling utterly helpless and desperate. The fear of running out of money still lingers within me, shaping my financial decisions and outlook on life.
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I have become extremely cautious with money, which is a positive trait, but it has also led to a lingering fear of returning to that low point. Every day is a battle to distance myself from the financial distress I experienced, and I understand that this constant fear is not healthy.
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One crucial lesson I’ve learned is that the money you make in your 20s is not likely to sustain you or your family for the long term. It’s essential to let go of the fear and hesitation and be willing to spend some money to enjoy life and lay the foundation for future financial stability.
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The second regret that I carry from my 20s is related to perseverance. While people often advise sticking with things, be it a relationship or a job, I wish I had realized earlier that it’s sometimes okay to let go. Staying in situations that are not fulfilling or healthy may not always lead to improvement, and recognizing when to make a change is crucial for personal growth and well-being.
The Regrets of Not Quitting and Moving On
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The speaker emphasizes the feeling of regret for not quitting certain things earlier in life.
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He acknowledges that while it’s important to stick things through, there comes a point when it’s necessary to recognize that something is not making you happy.
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The speaker regrets not quitting acting earlier, as he believes it would have propelled his career further had he realized it wasn’t making him happy sooner.
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He highlights the importance of recognizing when something isn’t right for you and not waiting for something magical to happen. The real magic is in moving on to the next opportunity.
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The speaker reflects on personal experiences where quitting something led to a better outcome. He wouldn’t be where he is today in his career or with his wife if he hadn’t made the decision to quit certain things.
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He points out that not everything you commit to needs to be pursued. Many people stick with jobs or commitments because it’s part of their plan or because they feel they have to, but it’s important to recognize when something isn’t working and explore the world of opportunities out there.
Reflections on Regrets of the Twenties
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The 20s are a time meant for experiencing failure, taking risks, and embracing new experiences.
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One should not fear failure, but rather the regret of not trying is more significant.
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Taking life too seriously and becoming overly concerned with materialistic things are regrets of the twenties.
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Traveling and meeting new people, rather than focusing on material possessions, should have been prioritized.
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The missed opportunities for exploration and adventure, such as not visiting Alaska, are acknowledged as regrets.
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Investing in experiences and memorable moments, rather than material goods, is emphasized.
The Importance of Making Mistakes and Learning from Regrets
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In your 20s, it’s crucial to make mistakes and fail as part of the learning process.
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Mistakes and failures in your 20s are opportunities to learn and grow for the future.
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Regrets are a natural part of life and can be valuable lessons for personal growth.
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Reflecting on regrets can lead to a deeper understanding of oneself and provide insights for the future.
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Learning from regrets allows individuals to make a positive difference in their lives as they move forward.
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It’s essential to acknowledge regrets and use them as motivation for creating the life one desires.
Conclusion
The 20s are a time for growth and discovery. By learning from the regrets of others and embracing experiences, young adults can make the most of this crucial decade in their lives.