Important Financial Tips

Start your own business early in life. 
This may seem like an odd suggestion. The reality is that most people will learn far more about life and investing if they've operated their own business. It doesn't need to be a huge financial success in order for you to learn a set of skills that will benefit you for a lifetime.

Pay yourself first. 
That's a fancy way of saying you need to get in the habit of saving a portion of your earnings early on in life. It's probably the biggest single predictor of financial independence for you in the future.

Buy term insurance. 
You need insurance the most when you have small children. So, get enough insurance so that in the event of your demise and loss of income, your estate can pay off your debts, including your home, and cover your children's expenses through their college years. In the great majority of cases, term insurance is your best bet.

Spend a few hundred bucks on these three important documents.
If you're an adult with substantial savings, you need to have a professional draft these three documents. These are really important, so we don't recommend using an online form:
(A) A will
(B) Durable power of attorney
(C) Living will