Intro

The main concepts of being financially literate is the idea of taking control of your money before it takes control of you. This includes living below your means, investing in a Roth IRA/401K retirement plan, building budgets, learning how to invest, and building good credit. As the successful Investor and Best-selling author Phil Town puts it, there are 2 rules to always remember:

Rule #1: Don't lose money. Rule #2: Don't forget Rule #1.

For College students, there are some things you should be especially careful about. First, open up a credit card WHILE STILL in college! This will teach you how to build and maintain a good credit score over time, allowing you to make payments for things like Cars and Houses. After you graduate college, consider staying home with Mom for a year or two to save up after you get your first job.

Stocks

College is a good time to start investing money early. Investing in a long term IRA or in the stock market can be a great first step towards retirement or it can just be a good way to save money for the future. Here are a few trending stocks that we recommend investing in.

Resources

Here are some useful resources for you to access on your own free time that will teach you the importance of financial literacy.