About three million people graduated from high school in the last few weeks. Just over one million received a bachelor's degree.
Congratulations if you're one of them. And welcome to the real world.
May I offer some financial advice? It's only five words.
Simple almost always beats complex.
That's true for investing, mortgages, insurance, and everything else related to money.
If there's one thing I wish I knew when I graduated, it's that.
I asked a few of my smartest friends for their five-word financial advice for new grads. Here's what they said.
Kanyi Maqubela, Collaborative Fund: Live simply. Fees add up.
Ben Carlson, A Wealth of Common Sense: Budget. Save. But enjoy yourself.
Josh Brown, Reformed Broker: Buy every month, never stop.
Bob Seawright, Madison Avenue Securities: Save. A lot. Start immediately.
Carl Richards, The New York Times:
Noah Smith, Bloomberg: Your potential is an asset.
Sam Ro, Yahoo! Finance: Sleep on it. Then decide.
James Osborne, Bason Asset Management: Live on less. Have more.
Jason Moser, The Motley Fool: The world owes you nothing.
Tadas Viskanta, Abnormal Returns: Savings is the best investment.
Tom Gardner, Motley Fool CEO: Perpetually seek your true passions.
Bill Mann, CIO Motley Fool Asset Management: "No downside" means "run away."
Bryan Hinmon, Motley Fool Asset Management: Time is your scarcest asset.
Eddy Elfenbein, Crossing Wall Street: Don't carry credit card debt.
Craig Shapiro, Collaborative Fund: It's not a race. It's a marathon.
Phil Huber, Huber Financial Advisors: Focus on what you control.
David Gardner, Motley Fool co-founder: Great! Now, break the rules.
Matt Argersinger, Motley Fool analyst: Invest as soon as feasible
Chris Hill, Motley Fool radio host: Never stop asking questions. Ever.
Cullen Roche, Pragmatic Capitalism: Your best investment is yourself.
Tren Griffin, 25iq: Best investment is in yourself.
Michael Kitces, Kitces.com: Your Best Investment Is Yourself.
Matt Koppenheffer, Motley Fool: Spend less than you make.