Don’t blame others for your financial problems. Blame yourself.

You’ve probably felt guilty at some stage about not saving money or maybe you think it’s too late to start. Resist those thoughts! It’s time to stop making excuses.

The first thing you should know is you shouldn’t get distracted by information fed to you by the media.

There’s a lot of information on finance out there, and it can be paralyzing. Plus, a great deal of this information is boring and unhelpful, like “you should cut back on those lattes,” which doesn’t take into account the actual life of a young adult.

When it comes to investment advice, young people have reason to point the finger at the media and blame others who could have taught them better. But the best way for someone to change their savings outcomes is by taking responsibility for his choices.

Such common excuses, like our education system doesn't teach money management, are grossly inaccurate. Many colleges do provide classes on finance, yet students don’t attend them.

Fear of losing money is another popular excuse for not doing anything with it. But it's actually preferable to lose money when you’re young, because you don't have that much to lose! Then when you have more later, you'll better understand how to keep it. Bear in mind money is also drained from your account when you leave it to stagnate in banks!

Yet another excuse is not being able to afford to put $100 aside a month. Really, the amount is not so important. Even $1 saved per day adds up over time.

We all remember the financial crisis in 2008 when many foolishly withdrew their money from the market. A lot of these people had no diversified portfolio and bought high and sold low, a big mistake. It was easy to blame the government and banks, but most hadn’t picked up a single personal finance book to educate themselves.

We need to take responsibility for our problems and start solving them.

Now that you know this, how do you get rich?