In October 2015 General Conference, Elder Robert D. Hales asked, .... "may I give you some practical counsel?
Many of your generation are facing crushing debt. When I was a young adult, my stake president was an investment banker on Wall Street. He taught me, “You are rich if you can live happily within your means.” How can you do it? Pay your tithing and then save! When you earn more, save more. Don’t compete with others to have expensive toys. Don’t buy what you can’t afford.
Many young adults in the world are going into debt to get an education, only to find the cost of school is greater than they can repay. Seek out scholarships and grants. Obtain part-time employment, if possible, to help pay your own way. This will require some sacrifice, but it will help you succeed.
Education prepares you for better employment opportunities. It puts you in a better position to serve and to bless those around you. It will set you on a path of lifelong learning. It will strengthen you to fight against ignorance and error. As Joseph Smith taught: “Knowledge does away with darkness, suspense and doubt; for these cannot exist where knowledge is. … In knowledge there is power.” “To be learned is good if they hearken unto the counsels of God.” Education will prepare you for what is ahead, including marriage."
To learn more: Meeting the Challenges of Today's World
