What’s the Best Financial Advice You Ever Received?
Omega: What’s the best financial advice you have ever received?
Manisha: If you don’t understand it, keep asking until you do.
I think it’s particularly true in finance, where there are so many multisyllable words and acronyms. I want to encourage people that the good personal finance ideas are simple: Save. Don’t spend money you don’t have. Don’t take more risk in your investments than you need.
When the language around finances becomes so complex that you can’t understand it, the odds are exceptionally high that the person talking to you doesn’t understand it either and they’re falling into jargon, too. So feel confident to keep asking until you have clarity.
© 2014 Omega Institute for Holistic Studies