I find that one of the most important things that we can do in our life to increase liberty is to be financially free. That doesn’t mean you have to make $1 million a year. And, in fact, I want to start off by talking about how to be financially free while in high school.
This is going to be another multi part series talking about how to start off in the right place financially to set yourself up for success later. This isn’t a Dave Ramsey video on how to get back on track, but a lesson from someone who started off right on how they did it.
So, today we’ll talk about how you (or a someone you know) can get their adult life started on the right financial foot.
“You’re not a bad parent if you don’t save for your kid’s college because instead you had to choose to feed them and clothe them. Those things come first. They can go to school and do this thing called ‘work’ while they’re in school.”
–Dave Ramsey
Here is what a high schooler can do to get started:
- Start earning money (and start saving it too)
- Put most of your savings in a mutual fund, and some in a bank savings account
- Find ways to build credit (without risking a lot of debt)
- Assess the right college or alternative path for you (both practically and financially)
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