There’s plenty of great advice out there. The problem is that it’s a whole lot easier to pass that advice right on by without taking it — or even to go ahead and do exactly the opposite — than it is to take good advice to heart and act on it.
I’ve disregarded plenty of good advice myself, at least initially. Many times I came around after I’d gone ahead and messed things up pretty good, or after I finally got things in gear and got moving.
For me, I think the best financial advice that I didn’t take was to always save at least 10% of my income, no matter what. Or maybe that’s tied with “never borrow money” as the best advice I didn’t take. It’s hard to say.
In both cases though, what caused me to finally take the advice and get my act together was the realization that I could have been on track for financial independence long ago had I only taken that advice sooner. Better late than never I suppose!
So I’m wondering, what’s the best money or goal-related advice that you didn’t take when it was first offered?
And what did it take to change your mind, if anything?Posted in Emotions & Money on 04.01.10 with 15 comments.