10 personal finance rules school doesn’t teach you might be unknown to you if you went to a traditional school. If you're like most people, you learned little about personal finance in school. And the little you did learn was probably from a dry and boring teacher who probably didn't have much experience with money either. As a result, you might not know the basics of financial health - like how to budget your money, save for retirement, or invest in stocks. But don't worry, because we've got you covered. Here are 10 personal finance rules that school doesn't teach you, but that are essential for creating wealth and achieving financial stability.

In school, we learn a lot of things that don't really have anything to do with our personal finances. We learn about history and math and science, but there are a lot of important financial concepts that we unfortunately never learn in school. In this video, we are going to teach you about some of the most important personal finance facts and tips that you should know, and that you may not have been taught in school. Tip #7 is a common money myth that you may or may not have known. Knowing the truth about this one tip, can potentially make and save you thousands. So, continue on for tips on saving, investing and more!

1) You Don’t Need A Credit Card To Build Your Credit Score
A lot of people think that they need a traditional credit card to build their credit score. But that's not necessarily true. There are other ways to demonstrate to creditors that you're a responsible borrower. For example, you could take out a small loan from a bank or credit union and make your payments on time. Or you could get a "secured" credit card, which is backed by a cash deposit. Whatever route you choose, the important thing is to show that you're capable of handling credit responsibly. By doing so, you'll eventually qualify for loans with better terms and rates. And that's how you'll really start to build your credit score.

Continue watching to learn more.

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