Personal finance advice is so similar, and so often repeated, it’s become a cliché:

• Live within your means.

• Set up an emergency fund with three months of living expenses.

• Stay out of debt.

• Join your company’s 401(k) plan or open an individual retirement account; set aside at least 10 percent of your pre-tax income every year.

• Invest in a diversified portfolio of mutual funds to help your money grow over time, and make sure you’re not paying too much in fees.

Blah, blah, blah

Ok, now that’s the standard, average, mediocre personal finance advice you will give any young person.

And then there’s the above average advice: in order to be above average you must go beyond conventional wisdom. Do not ignore conventional wisdom, just go beyond it.

Long-term growth may be the road to success, but you have to take risks to get rich. The hobbies of the rich come out of the same engaged attitude that likely led to their financial success. Turn your hobby into cha-ching !!!

I try to do both conventional wisdom and capitalist wisdom!!!

sources: average advice was given by yahoo finance
above average advice swiped from marketwatch.com