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Facebook Inc (FB), LinkedIn Corp (LNKD), Yahoo! Inc. (YHOO): Young, Broke and Foolish

College-aged youths have an amazing opportunity to enhance their social circles and careers using all these new social media sites, while building a foundation for a stable financial future. Using first-hand knowledge of these products, a little research coupled with the spirit of exploration, students have the greatest opportunity right now to strike out and build something worthwhile.

Mr. Larry Palmer wrote a brilliant article in The Daily Bruin, UCLA’s campus paper, in it he had what I found to be a brilliant summary of what I believe to be true and have been making the point of. He says,

“For many college students, deciding how and where to invest seems like a task best left for the distant future. Any young person will admit that investing is a no-brainer in the long run, and many even dare to dream about what kinds of decisions they’ll make with their money years from now when they’re swimming in piles of it.”

If you’d like to read the rest of his take you can find the full article, here: http://bit.ly/13gReQz

In summary, begin by posting to your wall you just began your journey to financial security, accept your mothers friend request and start a Tumblr page following the latest about your favorite artist. Start young, start now and educate yourself. It will pay off with leaps and bounds in the future.

Jacob Norte owns shares in Facebook. He is the owner of jacobnorte.com and tweets, @jacobnorte. The Motley Fool recommends Facebook and LinkedIn. The Motley Fool owns shares of Facebook and LinkedIn.

The article Young, Broke and Foolish originally appeared on Fool.com.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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