{"id":2124,"date":"2016-09-21T00:15:54","date_gmt":"2016-09-21T08:15:54","guid":{"rendered":"http:\/\/www.cultofmoney.com\/?p=2124"},"modified":"2016-09-19T08:13:50","modified_gmt":"2016-09-19T16:13:50","slug":"7-pieces-money-advice-always-true","status":"publish","type":"post","link":"https:\/\/www.cultofmoney.com\/7-pieces-money-advice-always-true\/","title":{"rendered":"7 Pieces of Money Advice That Are Always True"},"content":{"rendered":"
There\u2019s always conflicting money advice. There has to be<\/em> since there\u2019s no one-size-fits-all approach to personal finance. What works for some people won\u2019t work for others and vice versa.<\/p>\n However there are a few pieces of financial advice that always ring true and that you can benefit from no matter your situation. These seven pieces of money advice are timeless.<\/p>\n One statement that every financial guru makes is that you need to live below your means. Sounds like common sense but ignoring this simple piece of advice is what lands many people deep into debt.<\/p>\n If you want to build financial stability and eventually financial freedom, you need to live below your means. (I.E. don\u2019t spend more than you earn.)<\/p>\n This age old adage certainly holds true. Saving up money for emergencies is extremely important. The amount you need will vary but most financial experts recommend having at least three-six months\u2019 worth of income saved in an emergency fund.<\/p>\nLive Below Your Means<\/h2>\n
Save for a Rainy Day<\/h2>\n