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Message: <blockquote data-quote="Hirschkopf" data-source="post: 4248110" data-attributes="member: 50724">Recent advice to my 18-year-old, Chick-fil-A employed, son were:1. Don't buy your own car; drive my old one and put what you are saving on insurance, gas, etc. into a Roth IRA. So far, he's taken my advice and maxed out his 2024 limit.2. College is not always needed, but most jobs that require a degree pay pretty well. If you go to college, start with a local community college and live at home for two more years. He's going to do that.3. As stated many times in this thread: Spend less than you earn. My practice has been to invest what is not spent in index mutual funds in retirement and taxable accounts; they may not be the hottest thing, but they are not going to go bust either - go with a "guarantee average" and get financially secure over a span of decades.</blockquote>