Ending Soon! Save 33% on All Access

7 Hard Money Lessons I Learned in My 20s Learn from my financial mistakes so you don't have to deal with them.

By Jeff Rose Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

Entrepreneur Network partner Jeff Rose is a certified financial planner now, but he wasn't always great with his money. Both of his parents went bankrupt -- not once, but twice -- and even if Rose doesn't want to blame his parents for his money decisions, he simply did not know as much about money in his 20s as he does now.

In this video, Rose breaks down seven key lessons about money that he learned in his 20s. If you're in your 20s now, or if you just want to know more about personal finance, these tips might let you skip over some of the hardships and mistakes Rose had to endure. Then, you can enjoy the fruit of his success without agonizing over all the hard lessons it took to get there.

For example, Rose starts by talking about how others' opinions of him helped lead him to bad decisions. Specifically, Rose breaks down how he always wanted to look his best, and so he spent too much money on his clothes. Not just the cash he had earned, either -- he was using his student loan money to buy nice clothes and impress others.

Click play to learn more this and Rose's other top lessons he learned in his 20s.

Related: How to Raise Your Credit Score by 100 Points in 5 Months

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.

Jeff Rose

Certified Financial Planner, Author and Blogger

Jeff Rose is an entrepreneur disguised as a certified financial planner, author and blogger.  He's best know for his blog GoodFinancialCents.com and book, Soldier of Finance: Take Charge of Your Money and Invest in Your Future.  He's also the editor of LifeInsurancebyJeff.com. He escaped a path of financial destruction from dropping out of college with over $20,000 of credit card debt to become a self-made millionaire. His mission is help future generations achieve financial freedom by developing strong money habits and unleashing their entrepreneurial spirit.   

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Jeff Rose

This Certified Financial Planner Explains How to Invest $10,000

How I'm Picking the Best Stocks Right Now

Michael Jordan's Top 7 Rules for Success

Business News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Personal Finance

This Investment Bundle Includes a Trading Course and Stock Screener Tool for $150

Approach the stock market with an increased understanding.

Business News

Four Seasons Orlando Responds to Viral TikTok: 'There's Something Here For All Ages'

The video has amassed over 45.4 million views on TikTok.