Barrister Brief – Year-End Financial Planning Tips
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[vc_row][vc_column][vc_column_text] I’ve heard some bad financial advice over the years, but the recent advice provided by the New York Times is…
[vc_row][vc_column][vc_column_text] I’ve heard some bad financial advice over the years, but the recent advice provided by the New York Times is something worse than that…
Recently a college-age reader wrote into a New York Times advice column asking about smart savings. The full column can be read here, under the Master of Puppets headline. The Style Editor, whose column it is, responded with bad advice and then for good measure decided to take a shot at capitalism. Some may defend this and say the column is supposed to be light, tongue in cheek, maybe even funny in their responses, but the reality is their readers are still relying on their advice and are expecting it to be correct.
So what should this young saver do with their $1,000? I can think of a few things that would be better than opening up credit cards to improve their credit scores.
We are struggling with many things these days in America, one of the them in particular is a general lack of financial literacy. The New York Times had an opportunity to address that, although briefly, instead they gave poor advice and took an unnecessary shot at capitalism and investing.
If you haven’t recently reviewed your financial plan you should contact your CERTIFIED FINANCIAL PLANNER™ Practitioner.
If you aren’t currently working with a CERTIFIED FINANCIAL PLANNER™ Practitioner you can learn more about my practice HERE or you can find other CFP® Practitioners HERE[/vc_column_text][/vc_column][/vc_row]
02/02/2019
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