What should young people be prepared for before they grow up? They should have basic Math skills, be able to speak properly, and express themselves in writing. But one thing that needs specific focus to prepare them for adulthood is how they can manage their finances and wealth.

They will have a head start if they have an understanding of the mortgage system, the stock market, the real estate market, and other means of wealth creation. Many adults are never taught these topics and only learn about them much later, if at all.

In Financial Literacy for Kids and Young Adults, the critical information needed to be ready for financial independence in adulthood is explained. The concepts include:

Planning for your financial future
Budgeting
Managing your savings
Investing
Buying a home
Creating a business
Dealing in the stock market
Retirement funds

These are vital to know, so I encourage you to invest.