Jun 15, 2026 · 18 min · 10 segments
If you're a recent grad - congratulations, and welcome to the beginning of adulthood! In this Summer of Good episode, Tim gives new graduates advice on how to get started on their sustainable…
Tim NashHostNo entities detected.
So these are some of the mistakes that I want you to avoid that when I see people kind of having financial independence for their first time, starting to make some money, right? You get that paycheck.
This is this notion that you were used to a certain lifestyle when you were in school.
There's a really good chance that you were quite frugal, that you lived with roommates.
That's a very normal behavior when people are in school and that now that you're out in the workforce, you're now going to be surrounded by people who are making more money than you, who have been in the workforce a lot longer than you, who have more things and have fancier tastes.
And you're going to, by default, be sort of encouraged to level up your lifestyle and start spending a lot more money.
I see this a lot with people who graduate from law school as law students, you know, had huge amounts of debt.
And now all of a sudden they get their first job with a law firm and they're surrounded by literal millionaires who now have so much money, who are wearing fancy clothes, driving fancy cars.
And a lot of these young lawyers are looking at their peers and saying, hey, I want a piece of that.
And the biggest mistake you can make is kind of jumping into that more expensive lifestyle too quickly.
That really, I want you to embrace some of those frugal living traits a little bit longer, that the longer you can keep your rent low and the longer you can make your own lunch and And the longer you can shop for used clothing and, you know, not buy all of the fancy stuff really at the start of your investment career, that extra money every single month is going to go so far.
That's like the number one thing you can do in terms of coming out of graduation into the workforce is really avoiding that pitfall of lifestyle inflation.
Because if you do want the fancy stuff that everyone else around you is now partaking in, there's a really good chance you're gonna go into debt to get it.
So these are some of the mistakes that I want you to avoid that when I see people kind of having financial independence for their first time, starting to make some money, right? You get that paycheck.
This is this notion that you were used to a certain lifestyle when you were in school.
There's a really good chance that you were quite frugal, that you lived with roommates.
That's a very normal behavior when people are in school and that now that you're out in the workforce, you're now going to be surrounded by people who are making more money than you, who have been in the workforce a lot longer than you, who have more things and have fancier tastes.
And you're going to, by default, be sort of encouraged to level up your lifestyle and start spending a lot more money.
I see this a lot with people who graduate from law school as law students, you know, had huge amounts of debt.
And now all of a sudden they get their first job with a law firm and they're surrounded by literal millionaires who now have so much money, who are wearing fancy clothes, driving fancy cars.
And a lot of these young lawyers are looking at their peers and saying, hey, I want a piece of that.
And the biggest mistake you can make is kind of jumping into that more expensive lifestyle too quickly.
That really, I want you to embrace some of those frugal living traits a little bit longer, that the longer you can keep your rent low and the longer you can make your own lunch and And the longer you can shop for used clothing and, you know, not buy all of the fancy stuff really at the start of your investment career, that extra money every single month is going to go so far.
That's like the number one thing you can do in terms of coming out of graduation into the workforce is really avoiding that pitfall of lifestyle inflation.
Because if you do want the fancy stuff that everyone else around you is now partaking in, there's a really good chance you're gonna go into debt to get it.
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