What's your Best Financial Advice to pass along to others?

If you don't have the money you can't afford it. (Don't get loans)

Save 30% of what ever you make and invest it. In a high interest bank account etc...but just keep putting away 30% of your pay. My math teacher in high school told me this.

Say you make $1000 a week, you save say $300 of it. You will have over $15,000 at the end of the year. Then at a large interest rate say 10% you'll get another $1,500.

Keep doing it :) Lots of money to be had.

r0bErT4u has the same idea, but does it with a particular number ($8000)

I don't think he counted in tax though :P

I learned from my economics teacher: PYF. Pay Yourself First. Like Josip said, keep a certain percentage of your paycheck for yourself.

My best financial advice: next to investing and saving money from a young age, avoid credit card debt. Another way to state this: create a reasonable budget based on what you earn and what you need to save, and stick to it.

The number one financial problem that my clients in my professional private practice bring forward is uncontrolled credit card debt and unnecessary spending. I'm talking debt upwards of $50K on several credit cards. If you understand compound interest for investment, then you also understand how this works against you if you accumulate debt. I have heard people just paying the principal on debt, not realizing that by doing this, they are paying so much more than the actual amount of the debt. It's like watching someone bury their head in the sand to not look at how much money they are burning.

While it seems intuitive to say, "Spend within your means," our culture goads many to spend what they don't have on luxury items. You will not die if you don't have everything you want. Be careful with your spending, and stay out of debt except for education and purchasing a home.

Instead of spending your paycheck like typical Americans, SAVE. Don't buy stuff you don't need.