shhhHappy Friday DINKS! Today we are discussing our wisdom and where we got it. Maybe our financial wisdom came from our expensive education. Maybe our business savvy instincts came from street smarts and learning from others. Regardless of where we learned our knowledge, we now have it… and we got it somewhere.

What is the best piece of advice you ever received?

Today I am going to share some great pieces of advice that I have received over the years from several people including everyone from my Dad and Reverend Run (of RUN DMC).  We are also going to share our love for other blogs and their posts about personal financial advice.

Here are some of the best pieces of advice I have ever received:

“You are only limited by your imagination” My Dad

“Discipline and Self Control are key; we can’t have everything we want. Set Smart Goals, research and be specific. ” Gail Vaz Oxbdevill, reality financial guru.

“Don’t worry; it’ll all be perfect in the end, if things are not perfect it’s not the end.” Reverend Run, from the iconic rap group RUN DMC

“Nice people in business end up on welfare” Kelly Cutrone, owner of the Public Relations Firm Peoples Revolution.

“People who spend money before they make money go bankrupt” Simple and Basic business advice from entrepreneur Vicki Gunvalson, owner of COTO Insurance and Financial Services.

“If you spend less than you have, then you will always be rich.” Jill Zarin, owner of Zarin Fabrics in NYC.

Here are some other blogs that offer great financial advice:

50 Plus Finance tells us that “Grandma’s Money Lessons Still Are True”. This is a great post that hit it right on the nose for me.  Dave didn’t learn from his parents, he learned from his Grandparents.  Their strict rules set him straight and now he is a personal finance blogger.

J. Money on Budgets Are Sexy advises us “Don’t Go Shopping While Drunk”.  While we are intoxicated we can’t control our behavior. Therefore, going shopping while drunk leads to impulse purchases and overspending. Not to mention acting like a total fool in public.

Investor Junkie discusses the importance of teaching our children about the importance of personal finance. Even President Obama teaches his two girls about money management. Investor Junkie comments on his post “Obama Educates His Children About Finance.”

Money Crush discusses life lessons and advice that also apply to personal finance in her post “Struggling with an Ongoing Issue Ask Yourself This.” If it’s not broke, then don’t fix it. But if it sucks then change something!

(Photo By Steven DePolo)


This entry was posted in Quotes, Tips, Weekly Recap by Kristina Tahnyak. Bookmark the permalink.

Avatar photo About Kristina Tahnyak

Tahnya is a Certified Financial Planner and former Investment Advisor turned marketing and communications professional She holds a degree from Concordia University, is debt free and currently works in the field of digital marketing.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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