The small house idea is a good one—if you can get a small house with a _lot_ of land that is even better.
The best neighbors are rarely seen or heard. ;-)
The stock market idea is 20-20 hind-sight. Today’s stock market is valued at historically high levels, and I would encourage young people to stay out of it for a few years, and then buy in _after_ the inevitable crash.
If possible, you want to avoid multiple moves for your job.
Moving is expensive (with hidden costs often not paid for by employers) and you will be a lot happier if you can live in a community where you know a lot of folks.
My final advice is try really hard to find work you enjoy—you will always be at your best when you are having a good time.
All good advice. I will add my 2 cents to it.
To young people - to rise out of poverty
1. Stay in School graduate from High School
2. Don’t do drugs (includes tobacco)
3. Don’t commit crimes
4. Don’t have kids until after marriage
5. Think about your future and what kind of work you would like to do. Remember someone who works with their hands often make more then college graduates.
More general advice
1. Spend less than you bring in.
2. Know the difference between “wants” and “needs”
3. Create a budget. Stick to it.
4. Debt is slavery by another name.
5. Never co-sign for someone’s loan.
6. Never get a student loan.
Had I stayed in my original house, which had a lot of privacy and bordered a state forest, I would have literally saved hundreds of thousands of dollars over the years.
Really? When will that happen...the crash?
“The small house idea is a good one”
another good idea for saving gobs of money that can be invested long term is to buy a non-luxury, very reliable automobile, take good care of it, and don’t buy another until the wheels, engine, or transmission fall off ...