It is important to look into the future and write down what you see… but keep your hands open and hold your plans loosely. Write in pencil or keep your document in editable form on your computer. Know that a good plan or blueprint comes with many changes, tweaks, and adjustments.

Parents often try to impart knowledge or wisdom from their past experiences to their young adult children. It can be frustrating when that advice goes unheard or is not acted on. This is especially true when it comes to the topic of personal finance.