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Stop Leaving Your Money In Others’ Hands
Stop Leaving Decisions About Your Money Up To Others
“Get a financial advisor!” is advice we hear a lot. But why? Well, because most people are not educated on personal finance. A majority of Americans don’t know what to do with their hard-earned money, which is why those who do decide to improve their finances end up getting a financial advisor.
Before you get a financial advisor, do this.
Before you get a financial advisor here’s what you need to do: Educate yourself on personal finance, so you know what your financial advisor is talking about.
Yes, a financial advisor should know more about money than you, but that doesn’t mean they’re always right. Be able to hold your own in a conversation with a financial advisor (if you decide to get one).
Be the ultimate decision-maker for your money. Never leave all the money decisions up to your financial advisor.
It can be painful and uncomfortable to learn about money, and the information might go over your head, but eventually, the knowledge will stick, and things will start to make more sense.
I’m still getting comfortable with investment and real estate terminology. Much of the information goes over my head, but as I slowly invest time and energy into learning about it, the knowledge sticks, and terms become familiar and start making more sense.
There is no one like the individual who educates themself on finance.
Don’t be lazy
Don’t be lazy when it comes to your money. Learn about the subject – in-depth – enough to make responsible financial decisions that won’t hurt you in the long term.
For those who want financial freedom and build significant wealth, you will need to educate yourself on finance to help you meet your goals. Sure, you can take shortcuts and leverage your financial advisor heavily, but that won’t make you the person in charge. Furthermore, you won’t really know what’s going on with your money as your financial advisor does.
“Financial freedom is available to those who learn about it and work for it.” ― Robert Kiyosaki
Ways To Educate Yourself About Money
There are plenty of ways to learn about money – for free! Here are a few ideas:
Read books (see my book recommendations at the end of this article)
Read personal finance blogs and articles
Attend/complete free seminars and courses about money
Make new friends that are financially savvy
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Book Recommendations:
Rich Dad, Poor Dad
The Intelligent Investor
Personal Finance Series
Level 1: Finance Series
25 Extreme Personal Finance Tips
5 Pillars: Here’s How To Build Wealth
Be A Money Magnet. Live Abundantly.
“Guaranteed Poverty Is Not Security”
Everything You Need To Know About Credit Cards
Which Comes 1st: The Emergency Fund or Investing?
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.