Financial advice that I would give to my younger self

BY CRAIG KIRKLAND, EVP/Director of Retail Banking, Nevada State Bank

1. Surround yourself with quality people. 
The character of the company you keep is everything! Seek out people with integrity, then build a strong reputation built on truth and honesty.

2. Ask for advice and mentorship. 
Seek out and talk to people who have done what you aspire to do. Ask them what inspired them, what obstacles they had and how they overcame them. See what advice they have for you.

3. Pay yourself early and often. 
Develop financial stability by paying yourself first and building up a nest egg. Set aside a little money for yourself whenever and wherever you can.

4. Beware of high-cost revolving debt. 
Do everything in your power to avoid carrying revolving credit card debt. If you cannot avoid it, make it a priority to pay it down or pay it off.

5. Listen. 
As tempting as it is to finish someone else’s sentence, let them do it. Build the discipline to listen intently to others and speak less. You’ll never learn anything new by listening to yourself.

6. Don’t try to “keep up with the Joneses.” 
The notion of “keeping up” is a fallacy. While making a purchase may give you some short spike in happiness, it’s not sustained. Once your basic needs are met, having more doesn’t make you happier.

7. Weather the storm. 
You will have struggles and challenges, but stay in the moment and know that the storm will eventually pass. Remain focused on what you’re doing — parenting, going to school, running your business, working, and all of the things that give your life meaning and purpose.

8. Be patient. 
Don’t let the fear of missing out (FOMO) drive your decisions. Beware of get-rich-quick schemes. Be well informed so you can make good decisions.

9. Act like a farmer. 
Plant seeds (an idea, an investment, an opportunity) where there is fertile soil in hopes the roots will take hold. Nurture your seeds and give them the time and attention they need to grow.

10. Invest in yourself. 
You have been investing in big companies for a long time by wearing their logos and helping to promote their brand. It’s smarter to ditch the expensive labels, buy practical things that will last, and put your money where it will provide long-term benefits. Invest in yourself for education, coursework, or other learning opportunities that will build your skill and knowledge level.