<![CDATA[Email: Avoiding Bad Finance Advice?]]>Hi Malstrom,
If studying health and fitness has taught me anything, it’s that bad advice and worse, bad information, is everywhere, coming even from “reliable” sources (ie not the fitness industry) who ought to know better. I think I got lucky in finding one or two sources who really knew what they were talking about, and helped me avoid making major mistakes when I started working out. (I lift three times a week, doing very minimalistic routines and I’m still outlifting the dubebros who are there for hours every day). But I’m getting off topic.
I would like to start looking into investing, which, to someone with zero financial education is intimidating in and of itself. What I’d like to avoid is bad information. As with fitness, I’m sure there are tons of soundbytes that are repeated ad nauseam that are just plain false (“eat many small meals a day,” “a candy bar for breakfast is better than no breakfast,” “toning,” etc). I guess I’m contacting you because I give your advice much weight, and I would be interested in and grateful for any advice you have for someone who is looking into investing.
Thank you.Finances are not a series of exercises you do. When we talk about finances, we’re really talking about aristocracy (instead of working for money, you have money work for you). Working for money = peasant.
What you’re really asking is, “How do I cease to be a peasant?” It is a matter more than just money. Everything, including your attitudes, must change.
Quality financial information will never be given away easily or for free. This is not Google where you can type in ‘how do I get to be rich?’ and correct answers flow.
You want to make money? Then stop behaving like a peasant.
]]>