Many traditional money rules are outdated, according to Gen Z finance creator Taylor Price. She suggests investing at least 20% of your income to grow wealth, rather than letting your lifestyle inflate with your income. Price also emphasizes building a spending plan that supports your goals and using credit cards responsibly to build credit.

Price advises against buying a home unless it adds freedom, not stress. She highlights the importance of liquidity as leverage, designing a life that pays you back, and not waiting for a financial savior. Price also differentiates between toxic and strategic debt, emphasizing the need to talk about money and create your version of financial freedom.

Read more at Yahoo Finance: 11 Money Rules To Unlearn and Upgrade To Grow Your Wealth, According to a Gen Z Money Expert