Some advice personally worked for the person. Some advice works for everyone. Part of the trick is telling one from the other. Here's my list. Ymmv.
First up; spend less than you earn. Which means being cautious with debt. I've bought houses with debt. I've bought cars with cash.
Second; build up a primary fall-back, liquid, fund. About 6 months of salary. This gets you through "life happens" events. Returns on this will be lowish, that's OK. (My mortgage allowed for extra cash yo be stored there, reducing my interest each month).
A smaller general savings account for big-ticket items I need from time to time. Like the car. Or fridge or whatever.
Once all that's settled to can talk to a financial advisor about long-term investment options. That's usually a mix of things that balance your appetite for risk, age, circumstances etc.
Always remember. Money exists to serve us. If you develop the habit of living within your means it will. Conversely if you develop the habit of spending tomorrow's income today (aka monthly payments on xxx) then you start existing to serve the money. And that's not a fun place to be.
Some of this advice is personal. Some is universal. You figure out which is which. Good luck.
First up; spend less than you earn. Which means being cautious with debt. I've bought houses with debt. I've bought cars with cash.
Second; build up a primary fall-back, liquid, fund. About 6 months of salary. This gets you through "life happens" events. Returns on this will be lowish, that's OK. (My mortgage allowed for extra cash yo be stored there, reducing my interest each month).
A smaller general savings account for big-ticket items I need from time to time. Like the car. Or fridge or whatever.
Once all that's settled to can talk to a financial advisor about long-term investment options. That's usually a mix of things that balance your appetite for risk, age, circumstances etc.
Always remember. Money exists to serve us. If you develop the habit of living within your means it will. Conversely if you develop the habit of spending tomorrow's income today (aka monthly payments on xxx) then you start existing to serve the money. And that's not a fun place to be.
Some of this advice is personal. Some is universal. You figure out which is which. Good luck.