It isn't hard to find financial advice these days. Books, seminars, online videos and regular television shows provide all sorts of different perspective from personal finance to investing tips. At face value there is nothing wrong with any of this information, and plenty of individuals draw inspiration from the tips and tricks of these so-called financial gurus. While I have certainly engaged in some of this material, I do not have a lot of use for these experts on a regular basis. I can manufacture most of this type of knowledge on my own.
I won't say that all of money management is strictly common sense, but there are certainly some core principles that are fairly basic and largely universal. Spend less than you make, save on a regular basis, make wise investments that are appropriate for your timetable, and do not accumulate too much credit card debt. These are not difficult principles to understand, but they can be hard to follow for some individuals. There are many temptations in the marketplace, and people can quickly abandon their best practices. For me, financial gurus do not help me make the daily financial decisions. I must have the willpower to do that on my own.
Granted, I do agree with some of financial assertions in this article . Specifically, people do not always get into financial difficulty because they are irresponsible or make a slew of poor choices. There are such things as unforeseen expenses. I budget my money, but I have had plenty of unplanned costs in my life. Medical bills, automotive breakdowns and household repairs can be the types of bills that must be paid in order for individuals to keep on living their lives. Gurus will typically suggest that people keep a reserve of cash for these types of issues. The reality is that sometimes the cash just isn't there.
Value in the message
Again, there is value in the messages put forth by various experts, even if they are largely redundant. I have read financial books in my life, but most of them have reminded me of principles that I honestly knew already. For example, I once read a book about rich people that live in the domicile in close proximity to me. I will save you the time. Basically the book suggests being rich is about saving and living within your means. You don't have to be cheap, but it helps to be content and live a simpler life in order to accumulate wealth.
Sound advice. Granted, I already knew that.
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