For those floundering in debt or are having trouble paying bills, you’ll take whatever proverbial life preserver you can find when it comes to money and how to fix your situation specifically.
But as much so called expertise there is floating around, you have to be certain you’re not taking bad advice.
In essence, not all advice is welcomed, when it comes to money but because those who are struggling with it are the same ones who are grasping at straws and want to fix it, and will listen to just about anyone.
Yet, there are some you want to steer clear of, and the easiest person to spot is the one friend, family member or co worker that is actually worse off then you, but assume they have it all figured out money wise. Everyone has that one friend who barely can scrape together a few dollars for a value meal lunch or is always backing out of concerts or vacations when the time comes for that group rate, but yet they’ll be the first to tell you what to do with a work bonus or an influx of money coming your way. The truth is they have no business even bringing up money to you, but that won’t stop them from telling you all they think they know on the subject.
This includes your parents or elders who aren’t doing so well when it comes to the simple, day to day money habits like paying bills or saving for retirement. As much as you want to be respectful and listen, that doesn’t mean you have to actually carry out anything they’re telling you as far as money goes or what they would suggest you do with it.
Some so called experts who actually call themselves financial planners and advisers also aren’t worth the time of day when it comes to money and how to handle it. The truth is, you have to do some serious research as far as choosing a person that is viable and trustworthy, competent and intelligent enough to know about money and asking to see their qualifications or track record isn’t off the table, either. Reputation and results are everything when you’re talking about money and those who are advisable to listen to on the subject.
As much as you want to rid yourself of debt or learn money in the way it was meant to be dealt with, you can’t let your emotions get the better of you or take a “try anything” mentality. The fact is you can fix your money with good, sound decisions: starting with who to listen to about it.
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