Keep in mind, this is a typical large state school. It's not a race. I got my undergrad degree in my early 30s. I don't think you should worry too much though, particularly if you are going to a larger school. I've met a few people your age who were underclassmen and they seem to fit in just fine plus they do better in classes than the average 18 year old freshmen.
They all seemed to be really popular because they can easily relate to the upperclassmen, on top of that they provide a good study partner for underclassmen.
These guys were very popular among freshmen and upperclassmen alike, and more often than not the life of the party. Enter college at 22 years of age, and you will probably find that you know a lot more about the world than your other classmates.
You have traveled some, seen the world, and developed personal and social skills that the recent high school seniors have not. You will have more work experience and probably a better work ethic than students who have only worked part-time or not at all until now.
This will all work together to help you take advantage of your education and complete it with good grades and within a decent time frame. There will be no need to hop from major to major and waste time and money until you have decided what you want to study. Volunteering and working for pay will help you narrow down your career choices through actual experience, not just through a standardized aptitude test you took as a high schooler.
Starting a Limited Liability Partnership? Page content. Or even worse - how do you know you're not going to lose all your money? If you're wanting to invest after college, here's our thoughts. For somethings, investing is important and you know it. In your 20s, time is on your side, and the more you save and invest now, the better off you'll be later.
But, frankly, getting starting investing after college is confusing. There are so many options, tools, thoughts, blogs to read about, and more. What the heck do you do? I'm going to share my thoughts on what you should do to start investing after college in your twenties when you're years old. Let's dive in. According to a Gallup Poll , the average age investors started saving is 29 years old. But the math is simple: it's cheaper and easier to save for retirement in your 20s versus your 30s or later.
Let me show you. Just look at the cost of waiting! That's why it's essential to start investing early, and there is no better time than after graduation. So, if you're thinking of getting started investing, do you need a financial advisor? Honestly, for most people, they don't. But a lot of people get hung up on this need for "professional" advice. Here are some thoughts on this subject from a few financial experts and the overwhelming answer is NO :.
I don't believe that young investors need a financial advisor. Rather, what this age group really needs is financial education. Relatively speaking, their financial situations aren't "complex" enough yet to warrant the cost of an advisor or planner. Being proactive and increasing their financial literacy now will make those future conversations more productive; by "speaking the same language" as an advisor, they'll be better equipped to state their specific goals and discuss potential courses of action.
Relying on an advisor today instead of properly educating themselves, however, could lead to costly dependency issues in the future. The straight financial science answer is you should only pay for advice that puts more money in your pocket than it costs you. The problem is research shows this situation is rare, which explains the growth of robo-advisors and low-cost passive index investing where no advisor is needed.
Controlling costs has been proven in multiple research studies as one of the leading indicators of investment outperformance, and advisors add a lot of expense. Quality books are the best value in financial education and a small investment in that knowledge will pay you dividends for a lifetime. The truth is you can never pay an advisor enough to care more about your money than his own so you must develop enough knowledge to delegate effectively. The fact is simple: most people getting started investing after college simply do not need a financial advisor.
I think this quote sums it up best for young investors:. Young investors [typically] have a relatively small portfolio size, so they should put their money into a target-date retirement fund and focus on increasing their savings rate, rather than choosing the best advisor or mutual fund.
At that age, increasing savings rate and minimizing fees will go a lot farther than a possible extra percent or two in return. Learn more about Nick at Mapped Out Money.
But are there circumstances when talking to a financial advisor can make sense? Yes, in some cases. I believe that speaking with a financial planner not a financial advisor can make sense if you need help creating a financial plan for your life. Simply put, if you are struggling to come up with your own financial plan how to save, budget, invest, insure yourself and your family, create an estate plan, etc.
But realize that there is a difference between creating a financial plan you execute and pay a fee for, versus a financial advisor that takes a percentage of your money you manage. For most investors after college, you can use the same plan for years to come. In fact, we believe that it really only makes sense to meet with a financial planner a few times in your life, based on your life events. Because the same plan you create should last you until the next life event.
Here are some events to consider:. You see, the same plan you create after graduation should last you until you're getting married. Speak with your school of choice first to see what courses you will need and which will transfer.
You can also see if you can challenge any courses. I wouldn't live in a freshman dorm, even if you can. Everyone will be trying to sneak in beer on the weekends, while you're old enough to go out legally, which will feel a little ridiculous.
Either live a mixed dorm or off campus. A lot of freshmen are 18, but college isn't like high school where everyone in a class is the same year. Most people take around 5 years to graduate, so about 22 or 23, but I know a lot of people who took their time and didn't graduate until the mid to late 20s. Do it now. My grandmother went back to college at 50 and taught until she was 76 because my grandfather was ill.
My sister worked through getting two masters and a doctorate in her 50's. It is not too old to start college but I don't know if you would be happy in a dorm.
I lived there only the first year because of university requirements and the fact that I didn't want to commute from home only 15 miles away.
Most freshman are 18 and the average senior would be If you can obtain financing for college it would be an asset to your career and you could work part time. Investigate living off campus with friends as it may be cheaper. First of all, like everyone else, I think you're never too old to go to school. Try to find a dorm for older students or non-traditional students, because the freshmen will annoy the crap out of you believe me!
They're very immature and make a lot of noise when you're trying to sleep and pull a lot of annoying pranks that kids that age like to pull. Plus, you're socially limited; since they're not 21 yet, there are a lot of things you can't do with them. Some of the people there were in their 30's, and there were a lot of grad students and international students there.
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