Americans Are Struggling With Personal Finance

Americans are struggling with concepts related to personal finance, highlighting the issue of financial illiteracy. Many people are turning to social media for financial education, but the information found there can be misleading and counterproductive. It is important to seek out academic perspectives and do due diligence when it comes to personal finance. The Ten Commandments of Investing include not gambling with your financial future, avoiding false prophets, doing your due diligence, compounding returns, diversifying without de-worsifying, investing defensively, focusing on income, understanding the power of time, being patient, and seeking professional guidance.The conversation also addresses specific questions from listeners regarding pensions, Roth 401(k) contributions, tax planning, and financial decisions before retirement. Call Chris Longworth and the team at The Financial Education Group at 800-719-7917 or visit wealthdefender.com.See omnystudio.com/listener for privacy information.