When it comes to your financial life, it's very easy to rely on the guidance of others, especially since most of our generation were not taught these important topics in school.

This episode is to warn you of the financial advice you should BEWARE of as you start to build your financial strategy guide and financial confidence.

People and sources who offer advice solicited or not.

• Family
• Friends
• Coworkers
• Salespeople
• Social Media
• News
• Books
• Podcasts
• Experts
• Fortune cookies

Why not all advice is created equal

• Limited experience
  • Dunning Krueger Effect
• Most people are starting from a different point
• Difference goals
  • Making the most money/quality of life
  • Timelines of goals
• Biggest areas where bad advice can really be damaging
  • What your goals should be
    • Career
    • Timelines and Milestones
• Get rich quick - scams
• Tax planning
  • Proper tax planning should look at more years than just this year.
  • Tax law is constantly changing
• Investment advice
  • Most people don’t have a grasp of risk
  • Talk about investments the same way gamblers talk about wins
• Debt management
  • No debt ever
    • Home purchase
    • Good debt and leverage
    • Credit card rewards
• Use advice as a starting point
  • Level Up education, confidence

Look for additional education and resources