Video: Best Money Tips for Young People

Save one in three dollars that you earn and don't forget to invest in your career.

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This morning, I spoke with ABC News Now about the best money tips for young people, based on my new book Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back, which comes out today. Number one? Saving one-third of your income. It sounds impossible, and sometimes it is, but it’s also the only way to guarantee financial security and a comfortable retirement. Investing in your career and paying off student loans are also on the list.

To kick off the book launch, I’ll be giving away two copies. For a chance to win one, answer this question: What’s the biggest money mistake you’ve ever made? Either leave a comment below, on Twitter (be sure to add @alphaconsumer), or on my Facebook page. I look forward to hearing from you! Winners will be selected by Friday at 3pm.

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