7 signs you're taking money advice from the wrong people
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- If you're taking money advice from the wrong people, you might be getting inaccurate information.
- If you're following trends, not doing your own research, and not consulting a financial professional, you might be taking money advice from the wrong people.
- And, if you wouldn't trust them as your financial planner, you might not want to be taking their advice.
- SmartAsset's free tool can help you find a licensed financial professional to help you build wealth »
If you're taking money advice from the wrong people, it will probably be easy to tell.While there is a lot of good money advice out there, there's an equal amount of bad money advice. If you find yourself blindly following advice without doing your own research, following the latest financial trends, and acting on advice impulsively, you might be getting some bad advice.
If you're taking money advice from the wrong people, you might notice one of these red flags.
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1. The information you're getting is out of date
2. You're not fact-checking your informationAdvertisement
3. You're trusting blindly
4. You haven't consulted a financial plannerAdvertisement
5. You're following the trends
6. You're taking advice impulsivelyAdvertisement
7. You wouldn't trust that person as a financial planner
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