BEWARE of the Advice You Take

When it comes to your financial life, it's very easy to rely on the guidance of others, especially since most of our generation were not taught these important topics in school.This episode is to warn you of the financial advice you should BEWARE of as you start to build your financial strategy guide and financial confidence.People and sources who offer advice solicited or not.FamilyFriendsCoworkersSalespeopleSocial MediaNewsBooksPodcastsExpertsFortune cookiesWhy not all advice is created equalLimited experienceDunning Krueger EffectMost people are starting from a different pointDifference goalsMaking the most money/quality of lifeTimelines of goalsBiggest areas where bad advice can really be damagingWhat your goals should beCareerTimelines and MilestonesGet rich quick - scamsTax planningProper tax planning should look at more years than just this year.Tax law is constantly changingInvestment adviceMost people don’t have a grasp of riskTalk about investments the same way gamblers talk about winsDebt managementNo debt everHome purchaseGood debt and leverageCredit card rewardsUse advice as a starting pointLevel Up education, confidenceLook for additional education and resources