For the longest time, I have been thinking about doing this. It seems like the right time is now. All of us have had good, bad, and ugly experiences with money. So now is a good time to offer your two cents worth of financial advice.
Ty question- Based on your cumulative life experiences, can you share your best money advice with us?
I'd go first - Stay out of debt as much as you can.
The best financial advise I got is from Robert Kiyosaki's best-selling book "Rich Dad Poor Dad". To be honest the book is a treasure trove of important financial wisdoms you must absorb and apply in your life but the one lesson that really resonated with me is when he said "Financial Education is your greatest asset". You will see people earning huge wads of cash and then blow it up the next day on things they don't even need. And there are some people who get by with a large savings from their regular 9-5. I do not need to tell you who's the more financial literate one and who'd idealistically end up with more money when they retire. That's basically the logic behind it. You need to be financially literate in order to know what to do with your money, because if you do not, you'd end up burning all the money you would earn and you'd end up not saving anything for when you can't work anymore.