The Major Mistake Most 20-Somethings Make (2024)

Recently, Elite Daily posted an article imploring twentysomethings to drain their life savings and travel. As a millennial who spent a significant amount of wandering the world without a permanent address, I implore you: Don’t do this.When I got laid off from an editorial job at 30, I put my stuff in storage, sublet my apartment, and began wandering. In addition to my day job, I’d spent the previous decade writing 13 young adult novels. I was burned out and wanted to experience a different existence than the work-work-work one I’d been living.I started by driving down to Savannah, GA, a city where I knew no one, and spent a few months exploring the South. I frequently traveled to California, dog-sitting for families and friends, spending mornings at the beach. I spent one winter in Prague and Vienna and a spring in Paris. I perfected my surfing in Costa Rica. I backpacked through the Balkans, spending evenings drinking wine with locals I met on Tinder. I settled in Dublin for a few months, living with three amazing Irish girls and doing research on an idea for a novel.But what I hadn’t realized when I set off was just how much I’d miss by leaving the corporate grind. While my friends were climbing the ladder, my career had stagnated. I was making enough money freelancing to pay for my day-to-day expenses, but I wasn’t putting away any money. The work I was doing wasn’t necessarily growing my career in the way I would have liked.

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I hadn’t realized just how much I’d miss by leaving the corporate grind.

When I finally came back, my résumé was locked at the place I’d been two years earlier. It had been more stressful than I’d anticipated not having a permanent address and I found it tricky to begin replenishing my savings account at a time when many of my peers were buying their first homes.Don’t get me wrong. I don’t regret my trip. But these “drop everything and travel” articles never speak to the downsides that come with putting your “real” life on pause. Because, as burned out as I was, I genuinely loved my work. I wish now that I’d addressed the burnout with the help of a career coach or therapist, rather than assuming it was the corporate job that was my problem. The self-doubt and anxiety I felt in the office still cropped up on the road. When I look back at my Instagram photos of an amazing sunset, I also remember that I was watching it while my stomach was churning, feeling guilty for blowing off a freelance deadline or freaking out about the rapidly rising balance on my credit card.It’s not like unlimited travel unlocked any potential in my life. After all, travel already had been part of my life. Prior to getting laid off from my job, I made sure any expendable income went to travel. I used a certain amount of money from every book contract for a trip. This way, I spent a week in Spain, attended a surf camp in Costa Rica, and spent a long weekend exploring Ireland’s Aran Islands. I also volunteered every summer at an oncology camp in Seattle, something my employers let me do without using my vacation days. I don’t think the time limits on these experiences made them any less valuable than the months I spent aimlessly traveling. In fact, I feel being in one place for only a few days allowed me to maximize my experience without losing out on the “real” life I loved. In the end, I think my long-term travel plans actually closed a few doors for me.

It’s not like unlimited travel unlocked any potential in my life.

Case in point: Two years ago, I spent a month in Costa Rica with another freelancer friend. When the month was up, she came back to New York City while I booked a one-way ticket to Croatia. She ended up landing a full-time job at a travel website, getting gratis trips all around the world while I was frantically trying to earn enough to pay for hostels. She was able to combine her passion for travel with a “real” job, but she had only been able to do so because she was in one place long enough to make the connections to get the gig. I have another backpacker friend I met in Montenegro who realized she wasn’t cut out for office life and started searching for jobs as part of a yacht crew. She got the gig and was able to enhance her résumé, earn money, and see the world. If I could do things all over again, I would have at least tried to find a permanent or contract position with a company that would allow for a stable income while I explored. Constantly stressing and cobbling together money may work for some people, but it didn’t work well for me and really hindered my ability to enjoy my trip.Bottom line: Passport stamps aren’t the path to enlightenment. If you’re feeling antsy in your everyday life, you’re likely to take those feelings on the road. Absolutely adventure within your budget, but don’t throw away all your savings in search of an experience. Because, a year and a half back from traveling, I’ve found that life can be just as exciting close to home with a permanent address and a positive bank account.

The Major Mistake Most 20-Somethings Make (2024)

FAQs

Why do we make so many mistakes in our 20s? ›

You are still learning what independence entails. You may feel wealthy if you go to college, purchase a house, and land your first serious job. It's a great time right now! A young person has a right to make mistakes, and the twenties are a time when mistakes are common.

What to avoid in your 20's? ›

20 mistakes you must avoid in your 20s
  • Worry about what you 'should' be doing. ...
  • Not building life-long connections. ...
  • Ignoring your inclinations. ...
  • Investing too deeply into something you will later regret. ...
  • Get into poor physical exercise habits. ...
  • Not adequately setting yourself up for location independence.
May 12, 2023

What have you learned from your biggest mistake examples? ›

Every single person can learn from mistakes and take different things from them:
  • The world doesn't end.
  • Things can be fixed.
  • People are willing to forgive & empathize.
  • You yourself are not infallible.
  • You yourself don't have to be infallible.
  • You're much more resilient than you thought you would be.
Jun 14, 2023

How to avoid financial mistakes? ›

How to Avoid Making Financial Mistakes
  1. Step 1: Estimate your monthly take-home income.
  2. Step 2: Estimate your monthly expenses/Create a journal.
  3. Step 3: Add up your income and expenses.
  4. Step 4: Save, Save, Save!

Why 20s are hard? ›

Our twenties are now a pursuit of an impossible emotional maturity, an unshakeable self-knowledge to withstand the rest of our lives unmoved. But this obsession with emotional wellness has more to do with vigilance than it has to do with genuine wellbeing.

Why your 20s are so stressful? ›

Many things can be stressful in the life of a 20-something—from finances to career choices to relationships to family stress. As you start to show up in the world as an adult, it is no wonder that you may also start to experience more stress.

What should every 20 year old have? ›

20 things every 20-something person should own
  • A quality mattress. College is over, and your thirties will be 'round the bend sooner than you can say 'ow, my back! ...
  • A sharp, formal outfit. ...
  • A proper set of glasses. ...
  • A decent bookshelf. ...
  • Non-plastic plates. ...
  • Hand towels. ...
  • A good, travel strolley. ...
  • A full-length mirror.
Mar 6, 2023

Is it normal to struggle financially in your 20s? ›

Most people, even in their mid-to-late 20s are still struggling to establish themselves. That can be hard to do if your job isn't paying you enough, you're struggling to make rent, have no savings, and are being crushed by debt.

Why are your 20s so important? ›

They lay the groundwork for your entire future, shaping the lifestyle you and your family will lead. Grasping the importance of these years early on is essential. Delay in understanding this can mean missing out on crucial opportunities, making it too late to fully capitalize on this formative period.

What is the biggest mistake in life? ›

  • Relying on willpower alone.
  • Staying in our comfort zone.
  • Obsessive overthinking.
  • Thinking that money is everything.
  • Assuming only big changes matter.
  • Seeing things for worse than they are.
  • Making dreams vs. goals.
  • Living life to impress others.

What is the greatest mistake you can make in life? ›

Here is the quote from Elbert Hubbard, American writer and philosopher, “The greatest mistake you can make in life is to be continually fearing you will make one.” “The greatest mistake you can make in life is to be continually fearing you will make one.” All right, what's your take on this one, Steve? Take chances.

Why do most people struggle financially? ›

The high cost of living, wealth inequality and job market uncertainty have all contributed to financial vulnerability, even among wealthy families.

What is your biggest financial regret? ›

These are Americans' top 3 financial regrets—and how to avoid...
  • Regret #1: Living in the moment & not saving enough for the future.
  • Regret #2: Overspending & not living within your means.
  • Regret #3: Taking on too much debt to reach your financial goals.
  • Get professional guidance on your financial plan.
Feb 27, 2024

How do you fix financial trauma? ›

Open communication: One of the most important steps in coping with financial trauma is to open up and discuss the struggles with trusted friends, family members or professionals. Sharing the burden with others reduces feelings of isolation and shame.

Do people make a lot of mistakes in their 20s? ›

People who look back on their 20s can tell you that growing up is riddled with roadblocks and errors. They will also tell you this: Most mistakes are avoidable — at least in hindsight. Trial and error is a part of learning and growing.

Why do I keep forgetting things in my 20s? ›

No matter what your age, several underlying causes can bring about memory problems. Forgetfulness can arise from stress, depression, lack of sleep or thyroid problems. Other causes include side effects from certain medicines, an unhealthy diet or not having enough fluids in your body (dehydration).

Is it normal to feel poor in your 20s? ›

Most people, even in their mid-to-late 20s are still struggling to establish themselves. That can be hard to do if your job isn't paying you enough, you're struggling to make rent, have no savings, and are being crushed by debt.

Why have I aged so much in my 20s? ›

Signs of premature aging can happen at any point during adulthood, and they're usually caused by environmental or lifestyle factors. In some cases, rare syndromes cause premature aging. You can protect or reverse premature aging: Protect your skin from sun exposure, quit smoking, eat a well-balanced diet and exercise.

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