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Tips for Those Starting Their First Real Job

By Erik Folgate

Many of you are coming out of college and diving into “the real world”.  I was anxious to see just how real this “real world” was when everyone older than me talked about it like some kind of far off never-never land.  Anyway, it’s real and it’s rough.  Getting your first real, well-paying job is a huge adjustment.  I sat through 4 hours of a benefits meeting, and I was LOST.  Once they start talking about 401k contributions, health/life insurance, and short-term disability, your head will be spinning.

I strongly encourage you to read this article from Morning Star that gives young people tips for things to do when starting your first career path.  I agree with most everything in this article, except the part about keeping one credit card to build your credit.  Remember, you do not need a 20% interest rate credit card to build credit.  IT IS A MYTH!!  Anyway, read the article and soak in the part about compound interest and why saving now for the future is critical. 

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

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