Financial advisors need money tips, too. In fact, sometimes a salient piece of advice led them into the industry. We asked advisors from firms that made the FA 100 list for 2019 for the best money and investing advice tips they ever received.
We asked financial advisors from top firms on the FA 100 list for 2019 for the best bit of money advice they ever got.
Saving as much as possible as early as possible, to take advantage of the power of compounding, was a common refrain.Thomas Barwick | Getty Images Financial advisors and wealth managers counsel others on money matters. Doling out financial advice is their bread and butter. And like doctors who turn to other physicians when they've got their own aches and ailments, financial advisors often rely on others' opinions when planning their own finances. And, in some cases, it's a sanguine or salient money tip early on that leads advisors into a career in the industry in the first place.
We asked advisors from financial advisory firms that made the FA 100 list for 2019 for the best money and investing advice they ever got. Their replies follow."Push yourself to save in your 401 until it's uncomfortable. This advice was not fun in my 20s; however, it's a great lesson on how to live on less early on in my career.""The best advice I ever received is that 'Pessimists will always sound more intelligent, but optimists will be wealthier.
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