Growing up, many of us didn’t get the chance to learn about the importance of finances. We often have to learn it on our own the hard way. I can safely say that many people have, at one point or another, lived on ramen or mac and cheese for a while (and still love it despite that).

Since our education system doesn’t do even close to enough to teach students about financial responsibility, you’re left to pick up what you can from your parents, for better or worse.

It could work, right?

Not likely. Even if your parents happen to be DIY-ers and super good with their money, what they’re doing might be based on old information and won’t hold up for you.

Investing and finances are, quite simply, not the same as they were back in the day.

So, by all means, take your parents’ well-meaning advice – but do it at your own peril. They’ve been through the ups and downs of the market on their own and got past it – but they’re taking risks by attempting to time the markets.

You don’t need to take that risk on your own.

There’s no way to guarantee returns on your investments, but becoming an expert in this area is the best way to maximize your chances of it.

That’s exactly what we do in my office. We stay on top of these trends and give guidance on what “the next step” looks like for you, so call 513-563-PLAN (7526) or use my online calendar and book a 15-minute chat with us to break away from following your parent’s advice.

Regards,
Nikki Earley, CFP®