Financial Advice For Students

[Samuel]

High schooler here, asking about the type of financial goals I should be making for the adult years of my life to achieve financial independance. I have figured out the first two yearly incomes I want to reach, as well as wanting to stay out of debt, but are there some other valueable financial goals I should set?

Is there anything you wished you would have done earlier finance wise?

What helped you reach financial independence?

What finance tips can you give to a high schooler?

I think its also worth noting that I don't want to work in a corporation, but instead develop my own product(s).

[JevinR]

Rich Dad Poor Dad is an excellent book to begin with, especially for students

[kibrekidusan]

I suggest you to make very smooth transition. Read should you drop out of college, or listen the books summary by Julien balnc 

Be obsessed with personal development as Jim rohn said income doesn't exeed personal development. 

Become a friend of mine since I m doing the same shit.

[FindingPeace]

On 26/04/2016 at 5:19 PM, Samuel said:

 I have figured out the first two yearly incomes I want to reach,

How have you come to these figures? On what basis?

Money isn't everything in life. Yes, you need money to live in comfort and security, but the exact figures you earn are less relevent as long as you have enough to live on.

People get too fixated on money thinking it will secure their happiness in life. It doesn't. And the more you have the more protective you will be of it and the more stress it will cause you.

On 26/04/2016 at 5:19 PM, Samuel said:

What helped you reach financial independence?

Having a job.

On 26/04/2016 at 5:19 PM, Samuel said:

What finance tips can you give to a high schooler?

Get a secure job. Keep out of debt - this includes credit cards. If you use one, pay it off every month. Avoid taking 'offers' that banks and credit cards try to offer you. Everyone wants easy money and to get something for nothing now so that they can pay it off later. Don't do this. Avoid loans and mortgages.

In other words, make enough money to live comfortably and only use what you have. Not what you don't. No, it isn't easy to do, but the closer you can get to it the more financially free and secure you will become.

Financial independence is exactly that - independence.

If you can afford to save and invest, do it. The more you can make money work for you the less you have to work for it. Not only does that give you more financial independence but it gives you more physical freedom aswel.