Monday, 26 November 2012

What financial advice would you give to your 21 year-old self?

IMP-ost : 26th Nov, 2012

www.i-securesolutions.in : Giving financial advice to next-gen

What financial advice would you give to your twenty-year-old self?

My twenty-two-year old son recently asked me that very question.


My first thought was that he must not have been listening, because as a financial planner, I have constantly given him financial advice since he knew a dime was worth more than a nickel even though a nickel is larger.

But in contemplating the subject on a deeper level, I realized there are many financial lessons parents don’t necessarily share – not because they are too private but since questions like his can be unusual and the subject doesn’t necessarily come up.

here is the financial advice I would give:

1. Learn to negotiate
2. Start out saving a higher percentage of your income
3. Marry someone you deeply love and stay married
4. Invest in real property
5. Learn how the tax system works
6. Obtain an advanced degree or professional designation

Read full article at :
http://www.forbes.com/sites/financialfinesse/2012/11/23/financial-advice-i-would-give-my-twenty-year-old-self/

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