conversation: User (mntwins001): "Just from reading this sub, churning, and financial discussions with young coworkers, I feel like the financial literacy of youth is incredibly poor. I believe part of this is because even if high schools do teach it, students can't relate at the time because they generally don't have to worry about paying bills, using credit cards, dealing with loans, or making investment decisions. Then the real world can be a rude awakening, and since many go off to college they don't have a parent present to teach them how to effectively manage money, nor do many want their input anyways. Personal financial advisers are fairly inaccessible as well because they primarily make their money off of a percentage of assets in an account, so if you have little to no money to open an account they won't give you the time of day.\n\nThat being said, I'm thinking about starting my own basic financial consulting side business to educate young people on what to do and what not to do to establish good credit and put themselves in a position to succeed financially. I, myself, am 24 and feel since I'm close to to my target market's age, they would be more willing to pay me for help and more likely to take my advice. (A little background about myself, I have a BS in Finance, have excellent credit, very little debt at a low interest rate, paid my way through college, and make more annually than the median household income of the US.)\n\nHave any of you had the same idea or run businesses like this?"
  Self: "Not to rain on your parade but this is already a thing. The good news is it's growing at [a much faster than average pace](http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm). The bad news is you might have a hard time breaking into the field the way you're looking at it. I personally wouldn't hire you, you have no credentials. A bachelors in is the only thing you have going for you, but I know people who are financially illiterate who have great credit, no debt, and make way above the average income. \n\nI mean this is just my opinion and I could be completely wrong. I just feel like someone in our age group (I'm just a couple years older) would look to the internet first, then to an adviser for individual investment advice. I'd look for someone who had years of industry experience, what certifications they had, and could make me feel like this is second nature to him. "
  aBoglehead (aBoglehead): "&gt; I know people who are financially illiterate who have great credit, no debt, and make way above the average income.\n\nI know people who are financially illiterate who majored in Finance.  Finance is not the same as personal finance."
  Amarkov (Amarkov): "Yes, but the people who know that are not the kind of people who need to buy personal finance advice as a young adult."
  