A few tips to help your money grow.

According toEmpower.com, 37% of Americans do not have at least $400 for unexpected expenses.

Meanwhile, 21% don’t even have an account for emergency funds.

Leonardo DiCaprio, in a business suit, walks confidently in a crowded street scene, featuring numerous people in professional attire

Here’s what they said:

1.

Dont feel pressured into spending all your money on those trends on TikTok or stuff to make you cool.

If you’re able to afford it, great!

A hand tossing two red dice with white dots against a plain backdrop

If you cant, then dont buy it.

cutekitten20

2.

“Real life has a LOT of high-risk, high-reward scenarios.”

A man in a formal white shirt and tie gestures while looking at a tablet in a conference room with large windows and leather chairs

“You have to learn how to invest money yourself.”

Invest the money in S&P 500 index funds or other diversified ETFs.

Even a small amount each year will help them build their financial future."

A small shopping cart labeled "IRA" is filled with $100 bills. Stacks of coins increase in height next to it, with an American flag in the background

“The secret is that nobody knows what theyre doing.

Anonymous, CFO, Multi-Billion Dollar Private Company

6.

“Invest in a diversified global market tracking fund.

People are standing outside a house with an "Open House" sign. Two individuals are shaking hands while another person looks on

Itll go up and down, but in the long term, it will be a great bet.”

“Start a pension as soon as you start earning.

Compound interest works over time and the more time you have, the exponentially bigger the end result is.

A person is using a credit card at a mobile card reader held by another individual, possibly for a transaction from a vehicle

u/thecomicsellerguy

8.

“I would say the best money tip is to learn how to play the credit score system.

Keep your credit card debt below 30% of the limit.

Wooden blocks with the letters "IRA" atop a small wooden shelf labeled "INDIVIDUAL RETIREMENT ACCOUNT."

Learn to make principal-only payments.

Take advantage of interest-free payment plans rather than putting it all on a credit card.

Interest rates and credit scores are the biggest obstacles I see people struggle to get over.”

A businessman's hands hold a 3D digital network with holographic human figures connected in a circular pattern, symbolizing teamwork and connectivity

I started my first business at 30, which I sold for $50m last year.”

Find out how much people will pay to have that thing suck less.

Provide value to people by making that thing suck less.

A damaged ATM screen displays the word "ATM" with a visible spiderweb crack. The card reader and keypad below remain intact

Get more customers and fix them.

u/butthole_nipple

10.

“If youre American, Roth IRAs.”

An elderly person signing a document with a pen

“If you want to exceed in something, hire a professional trainer to help you get there.”

“Always keep a steady income.

Grow where you are planted.

Continually put money away.

Look for opportunities.”

u/atcmatt18

13.

“I had to stop with the handouts.

I was being ‘too nice’ and got taken advantage of (several times) by ungrateful people.

“Acquiring wealth passively through compound interest requires knowing WHERE to park your money.

Especially considering a 30-year pop in of timeframe.”

u/ForcefulOn

15.

“Have some money for safe investments and some money for risky business to learn.

Even if its only $100 here and there, that stuff adds up.

I bought Nvidia and AMD back in the day and now they’re worth so much more.”

u/marcopolo3112

H/T:r/Rich&r/Entrepreneur

Note: Submissions have been edited and condensed for clarity.