U.S. Olympic gymnast LaurieHernandez is only 19 but she's already mastered these 3 financial skills. (via CNBCMakeIt)
The 19-year-old isn't just a master of mantras, she's also very thoughtful about her finances. She knows the importance of saving for retirement early, even though she says "I don't think I'm going to be retiring any time soon."
She primarily relies on Apple Pay, but a couple of years ago a friend encouraged her to start carrying cash as a safety net. "You never know," Hernandez says of when you may need to use cash. She's right — and it's a skill that teens shouldn't be reluctant to learn. If you can get a handle on your finances when you're young, you can set yourself up for success later in life. Creating a budget doesn't have to be overly complicated. You just need to have a sense of your monthly income versus your monthly expenses and be careful not to overspend or skip saving for retirement.3.
This is smart advice from someone so early in their financial life. Hernandez agrees it's never too early to start investing in a retirement fund.
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