Comments on: Establishing Good Financial Habits Early

By: David @ Money Under 30

David @ Money Under 30 — Tue, 13 Oct 2009 16:46:16 +0000

This is so true, and as a blogger writing for young adults, I find it so frustrating that financial companies market to young people in a way that encourages them to make poor financial decisions that will earn the companies the most money over the long-run (such as getting college students deep in debt).

You guys are right about learning from your parents; sadly not everybody’s parents will teach them good money skills, which leaves a lot of young adults to fend for themselves.

By: Andrew @ Financial Services

Andrew @ Financial Services — Tue, 13 Oct 2009 14:29:21 +0000

Learned a lot or money lessons from my parents. Actually I learned how to earn it from my dad, and how to save it from my mom. I learned what not to do with money the hard way and up to now I'm still deathly afraid of making debts. I was on a diet of instant noodles for a week just so I could pay off my paycheck cash advance!

By: Financial Samurai

Financial Samurai — Tue, 13 Oct 2009 05:25:12 +0000

I’ve invested since I was 18, thanks to my dad. Start early, even with a tiny bit of money and you’ll learn so much.

By: John DeFlumeri Jr

John DeFlumeri Jr — Mon, 12 Oct 2009 01:32:41 +0000

You have to start them off early, the kids. Otherwise they’ll end up bankrupt by 25 yrs old!

By: Broke MBA

Broke MBA — Mon, 12 Oct 2009 00:21:36 +0000

Kevin,

Great simple advice!

I promise to all who are reading that by only following these three simple things, your life will improve. You’ll have more money, less junk, and you’ll sleep better at night because of it. The short term sacrifices made to establish these habits early have already begun paying dividends in our lives.