"Your counsel should be inspired and insightful, without judgment or equivocation and be based on the values you hold dear as a follower of the Lord and Savior, Jesus Christ," he said.
To the graduates, Perry quoted former church president Gordon B. Hinckley: "Beware of obsession. Beware of narrowness. Let your interests range over many good fields."
He encouraged them take good care of themselves physically and emotionally by getting plenty of sleep, exercising regularly and praying.
As for spare time, Perry told the crowd to find ways to enrich themselves and their families. "Nothing bothers me more in life than seeing wasted time!" he said.
He also empathized the importance of financial responsibility and warned against overspending.
"My heart aches," he said, "when I see a young newlywed couple in a larger-than-they-can-afford home with the latest furnishings that borrowed money can buy."
Finally, he encouraged students to grow in their faith.
"Ensure that as you leave this university and establish yourself, that wherever you may live, the gospel will always be part of your home," he said. "The home and the family is the fundamental unit of time and all eternity."
Graduating physics student Conrad Rosenbrock also spoke about growing up in South Africa and the "metamorphosis" of education at BYU. Students Tiffany Delgado and Hilary Mauler played Paganini Variations for Two Pianos by Witold Lutoslawski.