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.

Dont spend money on what you want spend it on what you need.

Live below your means and save money.

you should never have to live below your mean good try though:)

untill or unless you get to a point where you make a good living and it will take time because starting in life is never easy, the way to live within your means and have savings try to live within a city enough in walking of jobs and some stores within bus distance of much of the rest have lots of good interesting friends who know how to make fun in life from little ..

no services we live ina service fill world that like to eat up all of what they want you to believe is expendable income , what is really meant by this is what people use to save , avoid credit card and high interest loans , you may want a licence live with out a car insurance and other related expenses this to eat up unnecessary income ..

no house always rent never the cheapest just in the middle and its difficult but try to find them under $1000 everything included its hard but there are very nice ones out there in the world for in this price range just avoid big name well known cities you will always find the best mostaffordable living in the cties that are about 200 miles or so from the large popular city ..

NO and I relete NO services Cell phones with data plans and such if you much have such a thing make it basic cable with digital phone where long distance is unlimited with broad band no need for devices one desk top or lap top will do ..

always cook and eat home calling for take out once a week or going out for dinner once a week is great other then thiscook at home , use coupon look for deals never shop when you are hungery :)

people who live this way can make just barely over min wage and still save $$$ ..

the goal should alway be to have way way more then a million w=for retirment over all this is not as hard as it sounds and can be made easyer buy continuing to earn even after retirment ment putting money in interest baring accounts of some type and seeing you only get a living wage each month even after retirement ..

if you really want to live for your future you have to remember there is no such thing as expendable income This is what most in life past called savings ..

over a life time you may need creidt save this for life emergencies we all have them times unexpected illnesses that cost us a fortune keep us from working , lots of people specailly those in the insurance industry would tell you differently butI am going to advice this too out side of health insurance a void the stuff this lets others have your money over your life time to invest with its the same as lending money you never see back over life :)

4 things that will eatup your money over a life time and help other live far better then you AT YOUR EXPENSE Cars, house's , insurnace and countless needless services they are like leaches on lives ..

the only other advice I can give is the advice people who live to be 100 or old always give if they had it all to do over the one thing they would have avoided and not done is worry so much :)

People are so gullible! Do the math! Saving is a bad bet and always has been. 12% ROI is farcical. And even if it weren't, just think how much that nice looking total will be cut into by tax. 2% is unlikely. And even if you achieve it, you'll be chasing inflation as well. Even at a modest rate of inflation a millionaire in 25 years time will be worth no more than half a millionaire today.

And finally remember that all this requires that you spend nothing of your 'gains' for 25 years! In real terms the return on savings is zero or less! Spend it or don't spend it the truth remains that the only way to make money is to take it off other people ... like banks and investment companies do!

Spend what you need and not on what you want.

Keeping a close eye on your spending is a huge help.