“Managing your finances isn’t just about compound interest or credit cards, individual retirement plans or 401(k) plans. It’s really about the kind of life you want to have.” This sums up the main ideas in a recent Wall Street Journal article, “Money Lessons for Every High-School Graduate.”

The article stresses the connection between how you manage your money and how you manage your dreams — and why new graduates must do both to get off to a good financial start. The author, a recent college grad himself, outlines ¬†five things he says every high-school graduate should try to remember.