I recently started reading a book called The Defining Decade by Meg Jay, a fascinatingly practical book on why too many people think their 20’s are a time to be wasteful and reckless, rather than a time to lay the foundation for the rest of your life.
The phrase “30 is the new 20” has been coined as a popular philosophy adopted by too many of our young minds these days. People assume that when they are in their 20’s, it is their last opportunity to have fun and not plan things out before “real life” kicks in.
Meg Jay insists that while you’re 20’s should be a joyous and fun time in your life, it is also the time to start taking serious steps towards planning the life YOU want to live.
Here are 4 reasons to take your 20’s a little more serious, so the rest of your life can be as joyous as the beginning was:
1. Your 20’s will go by quickly
Although I personally have not lived my 20’s through yet, I can see how this rings true. Meg Jay says that your 20’s are rockin’, but they do end. And when they do end, you don’t want to feel like you lived them for nothing. You want to have taken action steps that pushed you farther along your life and towards your goals.
It’s important to make as much progress and position yourself properly during this time period because…
2. You have less baggage when you’re young
As you get older, you will only take on more responsibilities. Kids, a mortgage, and a lot more things pulling at your sleeve for your time. Now, I know you’re planning on being financially free (I assume this because you are reading this website), but the point I’m trying to make is that if you are going to become financially free, it’s a lot easier done when you don’t have heavy bills to pay each month.
Imagine if you could set your life up to where you have plenty of money coming in each month for the rest of your life without you having to do all that much work. How would that feel? Well, the time to make all that happen is when you’re young!
This way, you have freedom to do what you want, with whom you want. If you choose to have a family, you’re hard work from your 20’s will set you up to have a healthy relationship with them, while still having time to pursue other passions.
3. 80% of growth happens before the age of 35
This is an interesting one. You’d think that growth happens consistently throughout your life, and if you plan on living to 100 or longer, then this stat wouldn’t make any sense.
Studies show that the majority of our growth occurs in these earlier years and we continue to hit large growth waves (including financially), until the age of 35. After that, things tend to stabilize and we tend to grow a little less quickly. We have more life experience at this point and we made the moves we wanted to in our career, so income growth starts to stagnate or increase slower as you reach this milestone in your life.
Now, this of course doesn’t have to be true for you. You can continue to grow financially and substantially raise your income much later in life if you take the right actions and follow the right path. Just wanted to make sure that got thrown in there, as not to discourage any older readers!
4. Most people get trapped by the pressure caused from lack of planning
When you are older and havn’t figured out you’re life yet, things get harder. You have kids and lots of bills but you never really had the chance to set up the life you really wanted to live.
Sure you may have a decent job, but are we really going for decent? No sir!
Don’t get trapped in the rat race of life. Use you’re 20’s as a time to explore what you want but also make commitments to actively work towards your goals.
Photo Cred: TrainingJournal.com