Chana Goldstein, creator and manager of Hebrew Helper, a service that helps new olim deal with Israeli paperwork, talks about the personal finance skills that young people need to know. Do young adults know the difference between needs and wants? How can young people develop good spending habits?

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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. He is a licensed financial professional both in the U.S. and Israel.