Remember the first time you proudly salted money away in a tax-advantaged savings account? How about the day you lost half your paycheck at the racetrack? Or the time you bought a stock whose price subsequently soared to unforeseen heights?
If you’re like many 50-plus folks, you can recall times when you authored wise money moves, and others when your cash strategies proved not so sound. Maybe you started saving early (good), but didn’t join your workplace profit-sharing plan right away (bad). You get the idea. All of us can recall money moments that made us proud, and those we regret.
Think these memories have no value? Think again. These kinds of experiences can supply wonderful lessons to younger family members and friends. So don’t hesitate to share.
If you run out of lessons to share with the younger generation, consider lifting some of the following from these financial experts.
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