All of the replies said there is no secret, and its probably true. Maybe the question should be revised, 'What are some financial tips that actually work, that you know of?'. I am on my late twenties now, and to be honest lately I made a lot of bad decision on my financial.
I would really like to hear some of advices given by people on their 40+, I lost my parents on my early twenties, so I couldn't ask them before I realize I need to make good financial decision.
Why not consider seeking the counsel of a financial advisor who's around 50 years old? I'm sure everyone has made mistakes in handling their finances, but those experiences can serve as invaluable lessons to encourage greater caution in money matters.I would really like to hear some of advices given by people on their 40+, I lost my parents on my early twenties, so I couldn't ask them before I realize I need to make good financial decision.
It's unfortunate when someone acknowledges their financial decisions are wrong, yet they refuse to stop making them. This situation won't improve their financial well-being unless they start heeding advice from a certified financial advisor.
Actually I have, I went to a financial advisor, not a 50 years old, I don't think the age matters if it's a professional. All I am saying is that we can take much lesson from both expertise and experience, that's why I said 50 years old because I am just curious of how their experience handling their financial. The same as we can learn from both mistake succeed.
If I were you, I would also seek advice from people with real-world experience rather than going to a certified financial advisor. Because in my opinion, they are just trained experts but only in theory, and most are not people with outside practical experience. I wonder, if financial advisors are really good at managing their finances and can give advice to others, why haven't they become rich yet? I'm not saying their advice is completely useless, but the advice of those with practical experience will be more effective.
Yep, right, that's what I was trying to do on my first reply, asking for an experienced forum member.
However, I think both are equally important, it's true that an expert is more theoretical, but that's not bad. People with experience may life through a bad financial decision and solve it, but most of the time they wont be able to explain the 'why' and 'how', an expert eventho they are maybe not actually experienced what they say, they most likely will be able to explain the possible action and what will be the risk and benefit of the action they suggest.
