Lessons from my 20s - Learnings, Advice, Reflections
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- เผยแพร่เมื่อ 29 พ.ค. 2024
- As I left my 20s behind me, it is time to reflect on lessons from my 20s. What did I learn, what are my key reflections, any advice I can share? My 20s were an exciting time. I studied at the University of Munich, Bocconi in Milan, London School of Economics and INSEAD. I started working in consulting at McKinsey. I met my wife and married her. Are you feeling behind in life in your 20s? Let me share advice and motivation for 20 year olds. I talk about life lessons to learn in your 20s, and advice for 20 year old girls and boys, women and men. Hope this is a bit of a motivational speech with lessons from my 20s and insights on how to live life in your 20s for personal growth and career success. This will be relevant for students with an interest in consulting such as McKinsey, BCG or Bain, but also other career paths.
Chapters
00:00 Introduction
01:09 Recap of my 20s
04:54 Beat your baseline?
10:21 Netflix and chill?
13:16 Get your money right?
16:11 Additional thoughts
#lifeadvice #20s #lessonslearned
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The Netflix part of the video is very relatable to me. I just started working as a consultant a few weeks ago and try to pursue my hobbies and skills even after work days, but most of the time it feels so much easier to chill and watch endless Netflix / TH-cam videos. However, I've noticed that if I do motivate myself to work on projects, go for a run, etc., I tend to be much happier overall.
I've tried joining some local groups that have similar interests in a way to meet new people and keep myself motivated and somehow accountable. But it's not that easy to find people that you vibe with and that share your exact interest..
Hi Felix. Thank you for watching and I am glad that the video was useful to you! Thank you very much for sharing your experience :)
Hey. Heinrich! I sincerely thank you for guiding fresher professionals. I learnt so much from your videos that I now advise my friends on their career related problems. I wish I could speak to you one day. Taking advice from experienced professionals like you is helping me make great progress. You are just as good a teacher as failure is!
Exactly ☺️☺️
I am so glad that you enjoy the channels and find it helpful! Thank you so much for watching and commenting!
Thank you for watching!
Well said
Great sharing Heinrich! Hope you can share more about your MBA experience too 😁 it would be really helpful for people who wanted to understand more about MBA. Thanks
Well noted, thank you Nathan! :) Best, H
@@FirmLearning yeah !! 1 more vote for the INSEAD Experience
I honestly wish more career advice were straight to the point and detailed like yours in this video!
1. The importance of standing out and finding a unique experience.
2. The importance of your usage of free time and how they are the main determinants to your future growth.
3. The importance of building a savings habit early in your 20s regardless of income size.
Heinrich, thanks so much for spending the time to share your stories! Appreciate it a ton!
Its great to hear that you enjoyed the video Gabriel! Thanks for watching!
Want to appreciate the honesty with which you share your experiences. These videos feel like having a conversation with you directly!
Hi Aditya, thanks so much for your kind comment. Super happy to hear the videos are helpful! Cheers - Heinrich
I like your advice on “just master something” with your time. It’s surprising the skills and connections you can make with a hobby or side hustle. Great video
Absolutely! Thanks for watching!
I strongly encourage anyone in their 20s watching this to run the numbers themselves so they can fully appreciate the effect of compound interest. I contributed to my 401k in my 20s but didn't completely max it. After testing different variables, I realized that not doing this left millions, yes millions, of USD on the table. The effect size is that large.
Thank you for sharing your experience. It is definitely important to start investing young. Thanks for watching :)
Congratulations for your trajectory Heinrich. Your videos are always extremely insightful. I just received an internship offer in BCG here in Brazil, and part of my success i owe to your lessons. Thank you very much!
I am glad that you have found the channel helpful. Best of luck for your internship! :)
I strongly agree that what you do in the evenings, will impact your future in a significant way. Taking that into account, my advice is to focus on the chosen career path from Monday till Friday. Nevertheless treat the weekends seriously - as a time for your family, friends, and relationships.
Thank you very much for your input and for watching the video Mateusz! :)
Thanks for sharing, I’m learning so much from you!
My advice would be aim high at the start of your career. It’s important to start on a fast trajectory. If you get on a slower career trajectory at the start, it is hard to transition to a faster one later.
Very good point. It will always be possible to take a step down at a later point in time. The other way around is not always as easy! :) Best, Heinrich
As someone who went the other way, I can agree, it was not easy. But it has been rewarding.
Great video! I generally think the 20's are a time period that should be dedicated to learn. Learn what's interesting to you, what field you want to work in, what you want to do and achieve in life.. I sometimes hear from friends who are e.g. switching subjects in university that they fear they are losing precious time. But even if you start working at the (rather late) age of 30, you have 35+ years to work in that area. Also still enough time to have a good career, especially if you're passionate about that field. So better gain those insights earlier in life.
Thank you for your comment and sharing your experience Paul!
I absolutely love this content Heinrch, thank you for sharing your journey.. being in Banking i can definitely relate and identify with so much ! Yes, talk about your MBA experience.
I am so glad that you enjoyed it! Banking and consulting certainly do have a few similarities! Will think about doing more MBA related content in the future :)
Vielen Dank, lieber Heinrich für all diese wertvollen Infos!! 😊
Hi Minerva, sehr sehr gerne - vielen Dank fürs Zuschauen :) LG, Heinrich
Amazing video once again! Love the advice!
Great to hear that - THANK YOU for watching! Best, Heinrich
Thank you very much... Valuable information ❤️❤️❤️
Thanks Muhammed :)
this is an interesting exercise to do each one of us, thank you for sharing yours and the fun pics too ! Cheers from Madrid !
I am glad that you found this helpful! Thank you for watching!
Great sharing Heinrich! As an additional point, learning investing is definitely not a skill that you can master in a short while. Hence, start investing in your twenties is not just about accumulate huge amount of wealth, but also acquire adequate investing skills and confidence later on for your thirties. Great video, keep it up!
Fully agree Lee, definitely takes some time to master. Thank you for watching! Best, Heinrich
Well done Heinrich, much respect to achieving over 100K with your side hustle and at such high quality. Great to see some family insights as well. I know it’s not easy to show these scenes of the private life all the time, but it makes the content even more special.👍
Thank you very much! It would not be possible without fantastic support from people like yourself!
Hi Heinrich, hello from Portugal. Unfortunately, I am already near 50's my by I have learned so much from your awesome videos. Thanks for your generosity and all the work developing this channels. Best
Fantastic, it is never too late to learn! Thanks for watching!
Good reflection series. This reminds me of how I managed to clear 3 levels of CFA exams on top of a full time job during the past 3 years, as a non-finance major person. Max the value your time
Indeed :) Thanks for sharing! Completing a CFA on top of a regular job is definitely a great achievement as well. Best, Heinrich
Hey man, thank you so much for your videos, I just cleared the Summer associate selection process for one of MBB firms. Looking forward to more content !
Hi Sameer, big congrats very happy to hear that. Hope you will have a great summer during your internship! Best, Heinrich
Hi Heinrich, thank you for sharing your experiences! While I'm only just "starting" my twenties, I can verify many of your main points by personal experience. Using time in the evenings for my side job, studying for the GMAT/GRE or applications, even (but not just) while working in Consulting as an Intern, has definitely jumpstarted my career and my pursuit of financial goals. As I've already commented below your other "money" videos, my research into the topic of personal finance has led me to start investing money regularly already at 19, and my savings rate has grown ever since. I'm truly happy every time to see someone proliferating this knowledge or even philosophy among other young people, as lacking knowledge on this is something I'd consider quite dangerous for people's long term financial future. Have a nice evening!
Regards,
Darius
That is great to hear Darius, thank you for sharing! I am so glad that you enjoyed the video and the channel!
Nearing the end of my time at uni and I would really recommend joining a club or doing a side job. I spent a large part of my uni time rowing 8 times a week and I learnt so much about teamwork and about being in a high-performance environment. After rowing I got a side-job as a part-time teacher, helping students prepare for high-school exams. This too taught me a lot about communication as well as simply already building some working experience. I think that at university there is a lot of focus on academic learning, which is valuable, but that soft skills and network building are often an underrated aspect of being a young person and finding your way in life. I would estimate that 50% of my learning in university was through coursework and 50% was through doing other stuff on the side.
Hi Heinrich! I stumbled across one of your videos almost a year ago and started using the learnings in my internship. I can confidently say that your PowerPoint videos resulted in my internship being extended until my graduation date! :)
Congratulations! I am so glad that you enjoy the channel! :)
Ich war ebenfalls an der LSE und ich finde es wirklich toll, dass du dein Wissen weitergibst und versuchst, anderen Menschen auf diese Weise zu helfen! :)
As someone who is 25, the most important lesson I have learned is to always do independent research for important decisions. Even well intentioned people may not give advice that helps your own personal situation.
Hi Daniel, yes also a good point, and fully agree. Many people mean well, but do not always have the best information. Make sure to fully understand the situations you expose yourself to. Best, Heinrich
Yes, a vid on your insead time please
Thanks Danny :)
Thanks for sharing, Heinrich.
I need to crack my “egg-skin” and do more internship or organization stuffs/ membership.
Anyhow, I did fortunate enough to save money from my youth and it help me with compounded saving (bought four houses and rent three of them).
Anyhow thanks for sharing, Heinrich.
What I recommended is people able to deal with failure and/or to stop comparing to others :)
Thank you for watching and for sharing your thoughts Fadira! Best, Heinrich :)
Inspiring video!
Thank you for watching!
Really great video;)
Thanks :)
Studying philosophy is underrated and it had an impact on you for sure!
Hello Heinrich, thank you for all the content! I've been following your channel for a while now and have decided to apply to consulting in the new year. My question is, as a young professional who will be considered a minimally experienced hire (2 years in current position, 3 years total in current industry) applying for a business analyst role in North America, should I try to highlight myself as someone with industry experience and make this my primary selling point? For example, I have extensive experience in all areas of the insurance industry and because insurance is a large industry in the country where I am applying, should I try to highlight my industry experience as my primary strength in my cover letter? Or should I try to highlight the experiences that I had and why they will help me succeed in consulting more generally (understanding MECE, 80/20 rule, all the things you mention in your channel!). My concern is with the former is that I box myself into one particular industry and come off as someone who cannot be a generalist and work on all kinds of projects. My concern with the latter is that I am not highlighting what makes me unique as a candidate and will be left behind in favour of a fresh grad. Thanks a lot for your insights.
Hi Samuel, if you did collect industry-specific experiences, I do hold it is definitely worth wile to highlight those. Can only help you in the process. Your fear of being put in a box is not completely unjustified, but once you are in there are always options to navigate to the projects you are really interested in :) Best! Heinrich
Hi Heinrich, thanks a lot for your great insights. Did you ever think about hosting events like e.g. a quarterly "Firm Learning Community Dinner"? Would be so cool for your followers to network and also meet you in person..
Thank you for the idea. This is something that I will consider doing in the future!
Hello Heinrich, can you comment on how a Specialists fit into a consulting team, and is their role much different to a standard consultant? Thank you for your content.
Up to this.
Hi Harry, thank you for watching and for commenting! I will consider doing a video on this in the future!
Very good script of video !!
Glad that you enjoyed the video Pratik!
Hi Heinrich, great video. Probably a bit unexpected question, but would you mind sharing where do you buy your shirts from / have them made at please ?
Thank you
Have a nice weekend.
Hi! No problem ;) Most of my shirts are from van Laack. Best! Heinrich
You should do a fashion video :-)
Hi Heinrich - am mid twenties, just turned down an offer at McK to start my own businesses. Any advice for a youngin’ like myself?
Hi, thanks for your comment. Trust this might not have been an easy decision. Congratulations for your courage! This seems to be a question which I cannot sufficiently answer in a comment :) but have several entrepreneurship-oriented videos planned for the future - stay tuned! Best, Heinrich
Please make a video talking about your MBA experience and possibly even the application process
Will add this to the ideas list and think about it! Thanks for watching!
Hey Heinrich! How has your work/family/hustle/hobby balance changed since you became a parent? Will you do a video about that (quite a logical step after the “advice from your 20s” 😂)? Cheers!
Yes it is certainly a challenge to adjust to being a new parent! I will think about doing a more detailed video on this in the future!
Hi Heinrisch!
I really appreciated watching this videos. What a great content delivered in a succinct manner. Have you invested in the stock market?
Glad that you enjoyed the video Mohamed, thanks for watching! I will think about doing more in depth videos on investment options in the future.
Guten Tag, Heinrich! Ich bin in meine 21 Jahr und ich habe gerade meine Abschluss auf Southern Methodist University in Dallas, Texas gemacht. Außerdem Ökonomischer Studieren ich interresiere mich sehr für Deutsch. Ich möchte gern wissen, wie man mit weniger Finanzenerfahrungen eine Karriere in Immobilienfinanz anfangen kann? Ich bin wirklich ganz geöffnet für jede Opportunität, die besonders mir zu Deutschland bringt! 🇩🇪
Hi Charles, spannendes Thema danke für den Kommentar. Wie wäre es z.B. damit ein Praktikum in dem Bereich in Deutschland zu machen? Das scheint mir ein guter Startpunkt zu sein. LG und viel Erfolg! Heinrich
Why does all my hobbies need to have the potential to become a business? Why can't I do something just because I enjoy it?
You don’t have to. But I guess this channel is about maximizing your career, not other aspects of your life. He says frequently that he wants to help people become successful in their early career.
Nothing wrong about doing a hobby just for fun :) Though personally, I would find that if you can also make money from a hobby, that would sounds great to me. But absolutely respect if people are not interested in that. Best! H
I recently was having doubts about putting extra time and effort into what I do outside of the university. Feeling like having so much on my mind is just a bit too stressful sometimes. That sometimes I feel like I am going too far from the baseline and normal regular time at the university that my peers have. I feel like the only question after this video I have to You would be: Was it worth it?
Take care Heinrich ;)
Hi Przemek, thanks for watching! I think everyone needs to decide what is important to them and how to find the right balance for themselves. It is important not to stretch yourself too thin and make sure you are able to fulfil your commitments adequately.
@@FirmLearning Well said, will keep that in mind! ;)
Hello Heinrich, could you expand on your MBA at Insead in an other video please.
Hi Arié, yes planning to create more on this in the future - stay tuned! Best, H
Spider comes in at 11:37
;) thanks for watching
Video starts at 7:40
:) Thanks for watching!
Welcome to your thirties! 🔥💪
Thank you very much!
Can you please make a video on your MBA experience?
I will consider doing a video on this going forward. Thanks you for your comment!
Heinrich!
:)
I am actually interested in your opinion on communism as both economics/businesses and philosophy student. Can you please make a video about that?
Hi Tanja, I will consider doing a video on this in the future. Thanks for watching!
My 20's: Sex, Drugs and Rock'n'Roll
Now: Sex, Drugs and Rock'n'Roll - Consulting Edition™
:p
:) Thanks for watching!
heinrich, "solid high school degree" reicht mir nicht😂 hau den abi schnitt raus pls
What to do in your 20s depend on how good looking you are. I think piroritizing meeting girls in their prime was the right prioritization. What success can bring back hundreds of women 20-25 who wants to sleep with you?
Thanks for watching the video and supporting the channel!