The Best Practical Money Management Advice

July 25, 2008 by James Lovette-Black
Filed under: activism, gratitude

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In this article from Yahoo! Finance, people succinctly share the smartest advice or tip they received from another person on money lessons, which include:

Don’t save too much
Swear off debt
Sell for the right reason
Don’t follow the herd
Always get it in writing
Be frugal but not stingy
Know where your money goes
Create your own opportunities
Don’t get too good at the wrong stuff
Money doesn’t make you happy

The article is actually a series of numerous, short lessons from people who have done amazingly well following the advice they now share with us. Check it out, learn something, and have a chuckle or two.

Much of the advice comes out of a prosperity (versus a scarcity worldview) philosophy and does require personal assertiveness in the consumerist culture in which most Westerners live. I especially like the sensibility that comes through the article, that money is a tool to be appreciated, but that it should not be the primary driver in one’s life and living.