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Three Pieces of Financial Advice I Wish I Never Ignored
Learning about finance can be tricky to navigate. There’s a lot of information out there, but everyone has different credentials. A lot of people talk about finance in terms of ideals. They’ll tell you what you ought to do, but this often dismisses your personal situation. So, people ignore a lot of the information they receive.
To make matters worse, many people establish their financial knowledge during a vulnerable time. This is early into their careers when they have new jobs and need to check a lot of boxes while filing paperwork. Now they have money coming in, but they’re also juggling some debt and financial commitments. This can make it hard to think long-term when short-term commitments are necessary for survival.
I’ve been in this situation, and a lot of people would tell me what I should have done with my money. Unless you birthed me, I probably ignored the advice given to me. In retrospect, some of this information was probably really valuable. I never found myself in financial duress, but I wasn’t perfect either. If I could turn back the hands of time, I would do a few things differently.
1. Learning About Stocks and Investments
In my earliest jobs, I was thrilled to have any type of money coming in. I also knew it was important to save and plan for retirement, but it’s hard to watch your paycheck shrink. So, I avoided conversations about retirement and never bothered to learn about stocks. Anytime…