Got a job at Harbor Freight Tools

[Gary Fowler]

Try not to spend your whole paycheck on store items, I know that will be tempting. Congratulations on landing your first employment and looking down that long tunnel to the end of work days. Hopefully some day you can retire with a large fortune so start saving today. Put at least 10% of your gross wages into an investment account (savings accounts really suck for interest earnings), Participate in company 401Ks and put away as much money for retirement as you can. It is tempting to splurge on "toys" but if you put that 10-20% away before you see it, there is not as much temptation to go buy some toy with your money. About 25 years ago, I put $35,000 into an investment account, never touched it, never put more in (I was also into a 401K with 10% of my gross all that time) and today it is worth more than $400,000. Granted we had some very good years in the market and hope to have some again.
Begin saving today for your retirement, that is my best advice.

 

[CompactTractorFan]

Congrats on your 1st job Kyle! I too recently got my first job working on a farm, the experience you gain in the work force will definitely help you set cornerstones into your future endeavors. :thumbsup:

good for you.don't spend your whole pay check there.

Congrats! I'd be like a kid in a candy store working there!

Thanks guys!

Try not to spend your whole paycheck on store items, I know that will be tempting. Congratulations on landing your first employment and looking down that long tunnel to the end of work days. Hopefully some day you can retire with a large fortune so start saving today. Put at least 10% of your gross wages into an investment account (savings accounts really suck for interest earnings), Participate in company 401Ks and put away as much money for retirement as you can. It is tempting to splurge on "toys" but if you put that 10-20% away before you see it, there is not as much temptation to go buy some toy with your money. About 25 years ago, I put $35,000 into an investment account, never touched it, never put more in (I was also into a 401K with 10% of my gross all that time) and today it is worth more than $400,000. Granted we had some very good years in the market and hope to have some again.
Begin saving today for your retirement, that is my best advice.

I am planning on putting money away for sure.

 

[bullbreaker]

Congrats on new job ! :thumbsup:

Just some advise "Don't park your car/truck you use to go to work in near the (HF) store. Unless you can afford to have it rust quickly ! :laughing:

Boone

 

[California]

Ditto on the savings advice.

This stage of your life will be the easiest to disconnect your lifestyle from your income level. If you can put away a quarter of your income for a few years when young, you will eventually be wealthy. Then you won't have to punch a time clock five days a week any more. Accumulating savings like that becomes impossible at a later stage when you are burdened with responsibilities. Your choice ...

 

[Lineman North Florida]

Congratulations on your first job and for having the gumption to do something, lot's of good advice has been given already but I will add one more, in your off time ( LEARN A TRADE ) or 2, a man with more than 1 trade won't have an empty supper table. Good luck, Charlie.

 

[CompactTractorFan]

Thanks again for the advice. Today was my first actual workday.

 

[MtHam]

Please post a report after you have been there a few months about how much of their junk gets returned after it breaks. HF is the exception to my general rule that extended warranties are not worth buying!

 

[71bronco]

Ditto on the savings advice.

This stage of your life will be the easiest to disconnect your lifestyle from your income level. If you can put away a quarter of your income for a few years when young, you will eventually be wealthy. Then you won't have to punch a time clock five days a week any more. Accumulating savings like that becomes impossible at a later stage when you are burdened with responsibilities. Your choice ...

Unless you live in Cyprus

Jeff

 

[California]

I doubt he has put aside 100,000 Euros so far ....

 

[CompactTractorFan]

Unless you live in Cyprus

Jeff

I doubt he has put aside 100,000 Euros so far ....

:laughing: :laughing: :laughing: