There’s no such thing as foolproof advice.

In the past, if you needed advice, you’d typically turn to friends or family. Nowadays, with the vast resources available on the internet, you can seek guidance from people worldwide. However, whether you’re gathering advice online or from someone close to you, it’s crucial to approach all suggestions, particularly financial ones, with caution.

Every individual has their own beliefs and priorities. A wealthy individual online may approach spending differently from someone who has struggled to earn every cent. The same applies to advice from people you know; your parents, who grew up in a different era with unique societal norms, might have differing views from you as a millennial. For instance, baby boomers like my parents may assume anyone can easily afford a house, while millennials like myself know this is often not the case.

I’m not suggesting you should only seek financial advice from certified professionals. On the contrary, I am advocating for diversifying the sources of advice you consult. In today’s age of information, knowledge is power, and learning about various financial scenarios from different perspectives can empower you to make informed decisions.

The irony of me providing financial advice does not escape me. While I offer guidance here, I also stress the importance of combining it with insights from other sources. There is no universal solution to financial challenges, so gathering as much information as possible will help you arrive at the best course of action tailored to your unique circumstances.