When you’re young, there’s a tendency to ignore planning for the future.
I maxed out my first credit card when I was fairly young, leaving me with debt payments for years.
To make matters worse, I was specifically taught against doing this by teachers at school. I took a business management course when I was a freshman in high school, and we had a lesson week about credit and spending responsibility. I told myself at that age that I’d be smart about money once I was old enough to have some to spend, but that didn’t pan out like I expected. Thankfully, now that I’m 30 I have changed my attitude regarding money and saving. I have an extensive savings account, a slowly growing 401k, a life insurance policy, and a drafted will and estate. When I watched my best friend flounder when both of his parents died, I knew that it was important to have my affairs in order long before my expected death. Obviously you can die at any minute, which makes having a will even more important. I want to have a family someday and I don’t want them over burdened by my death. Family law encompasses everything from wills and estates to divorces and child custody agreements. That’s why I specifically hired a trust lawyer to draft my living will and estate. This trust lawyer was recommended to me by my boss, and I couldn’t be happier with his candor and expertise. He doesn’t beat around the bush and he has the right advice if you’re willing to listen. It also helps that he is my parent’s age, so he feels like a parental figure to me in a lot of ways. My trust attorney is a good man.