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Why Your Parents Are Wrong About Money Your parents mean well, but if you're a Millennial, their financial advice may be outdated.

By Phil Town

Opinions expressed by Entrepreneur contributors are their own.

In today's world, your parents' financial advice may no longer be useful. In this video, Entrepreneur Network partner Phil Town explains you why their investing advice might be wrong.

Related: The No. 1 Thing That Matters in Investing

Phil Town is an Investment Advisor, Hedge Fund Manager, 2x New York Times Best-Selling Author of Rule #1 & Payback Time, and Ex-Grand Canyon River Rafting Guide. Rule #1 Investing is Warren Buffett style investing, teaching you how to buy businesses on sale, with little risk and 15 percent returns. In fact, Rule #1 investing is practically immune to the ups and downs of the stock market.

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