There are 9 basic principles of finance that everyone should know. They are:

Money has time value - Money today is worth more than money tomorrow. This is because money can earn interest, and the longer you have it, the more interest it can earn.


Risk and return are related - The higher the risk of an investment, the higher the potential return.


Diversification is important - Don't put all your eggs in one basket. By investing in a variety of different assets, you can minimize your risks and maximize your potential returns.


You need to understand inflation - Inflation is when prices rise over time. This erodes the purchasing power of your money, so you need to invest in assets that will grow at a rate faster than inflation.


Taxes matter - Taxes can have a big impact on your investment returns. Be sure to consider them when making investment decisions.


There's no free lunch - There's no such thing as a free lunch. Every investment has some risk associated with it, so be sure to do your homework before investing your hard-earned money.


Know what you're buying - Don't invest in something you don't understand. Before you spend your money on an investment, make sure you know what it is and what it does.


Be patient - It can take time for investments to pay off. Be patient and wait for the right opportunity, and you'll be rewarded handsomely for your patience.


Know your retirement options - You need to be aware of your retirement options and make sure you're taking the steps necessary to secure a comfortable financial future.