Wealth means the ability and privilege to make decisions without the constant feeling of stress. Financially, this may come in the sense of flexibility, spending ability, and the ability to invest in opportunities. On the other hand, it could also mean strong relationships, good health, knowledge, and purpose.

I’d encourage students to save by explaining that building wealth is about freedom and long-term security. Starting early matters more than investing large amounts because compound growth does most of the work over time. For example, consistently investing in something like the S&P 500 through an index fund. I’d tell them to pay themselves first, be patient, and think in decades instead of weeks, since small, consistent investments now can grow significantly in the future.

I think it is important that every student knows how important it is to start investing early. Furthermore, putting money in the right type of accounts to promote long-term financial stability an independence.