Advice for Graduates

Key Takeaways

  • New graduates starting off on their own will be facing a number of new challenges and experiences.
  • One of those things is learning how to manage their money.
  • It’s important to get off on the right foot and build good habits that will benefit them throughout their lives.

Let’s talk new graduates and the KASH they’ll need. No, that’s not a typo (though we will relate it to cash). It’s an acronym from Dan Sullivan of The Strategic Coach® Program and it stands for:





As young people are graduating from high school, college, and graduate programs this season, it’s a good time to examine the KASH they’ll need to manage all their newfound cash, whether it’s from graduation gifts or new jobs, or both.

  • Knowledge – They’ll need financial knowledge and the most important piece of knowledge to make sure they have is to save first and spend second. They’ll also need knowledge about how credit cards work, how to balance their checking accounts, and all the important basics of how to handle money.
  • Attitude – Having a good attitude about money and not letting it run your life is important. They can’t spend all their money today and have nothing left for tomorrow, nor can they save everything they earn and spend nothing in the present. There needs to be a balance. A good guideline is to save about 20% off the top.
  • Skills – Most young people have never had to manage a large amount of money and they’ll need to learn new skills when it comes to different aspects of money.
  • Habits – What’s formed from knowledge, attitude, and skills are habits. Of course, they’ll already have certain habits, but these will need to be replaced with new habits that are functional around their money. Forming these habits during the first year or two in the “real world” will make all the difference down the road.

For your children and grandchildren who are new graduates, talk to them about the KASH they need to head down the right path with their money. It’s really tough to cut back when we’re used to living a certain lifestyle and not saving enough, so catch them now as they’re graduating, to get them on the right track. Years from now, they’ll be happy they did! Until next time, enjoy.




Gary Klaben serves as a Financial Advisor, and visionary for Coyle Financial Counsel. He has over 30 years of experience and is the author of Changing the Conversation, Wealth of Everything and co-author of The Business BattlefieldWhether advising his clients, mentoring his team, or coaching entrepreneurs, he is always simplifying complexity and motivating others to take the next action that’s right for them.

Learn more about The Coyle Process, approach designed to get your arms around the big picture, so you can make informed financial decisions. Ask Gary about The Coyle Process and schedule a complimentary consultation and start living the Good Life Managed Well™.
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All information is from sources deemed reliable, but no warranty is made to its accuracy or completeness.   This material is being provided for informational or educational purposes only, and does not take into account the investment objectives or financial situation of any client or prospective client.  The information is not intended as investment advice, and is not a recommendation to buy, sell, or invest in any particular investment or market segment.  Those seeking information regarding their particular investment needs should contact a financial professional.  Coyle, our employees, or our clients, may or may not be invested in any individual securities or market segments discussed in this material.  The opinions expressed were current as of the date of posting but are subject to change without notice due to market, political, or economic conditions. All investments involve risk, including loss of principal.  Past performance is not a guarantee of future results.

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