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Money Under 30 was founded in 2006 by David Weliver, the website's editor. [1] [2] As an intern at finance magazine SmartMoney, he observed that the financial advice was geared toward people with large portfolios, and there wasn't much available for young adults seeking basic financial advice. [3]
Robert Kiyosaki, the founder of the "Rich Dad, Poor Dad" empire, says that there are six basic words that are key to financial literacy and education: income, expense, asset, liability and cash ...
To Buffett, that is an essential piece of advice if you want to get ahead. Buffett himself says that he has “an American Express card, which I got in 1964. But I pay cash 98% of the time.”
Financial literacy is the possession of skills, knowledge, and behaviors that allow an individual to make informed decisions regarding money. Financial literacy, financial education and financial knowledge are used interchangeably. [1] Financially unsophisticated individuals cannot plan financially because of their poor financial knowledge.
There's no shortage of conventional financial advice -- spend less than you earn, avoid high-interest debt, etc. These tips are conventional for a reason: because they work. If you want to succeed...
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