{"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'sThere\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

Live Below Your Means<\/h2>\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

Save for a Rainy Day<\/h2>\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>\n

Related: How I Saved a $10,000 Emergency Fund on a Low Income<\/a><\/strong><\/p>\n

Gratitude is the Cure for Discontentment<\/h2>\n

In a world where you can see the highlight reel of everyone\u2019s life all the time (hello, social media) it\u2019s easy to feel discontent. Discontentment can lead to excess spending in order to \u201ckeep up with the Joneses\u201d and can wreak havoc on both your finances and mental state.<\/p>\n

The cure for discontentment is gratitude. Instead of focusing on what you don\u2019t have, focus on what you do have.<\/p>\n

Not Buying Anything Saves You the Most Money<\/h2>\n

How many times have you walked into a store and read a sign that said \u201cBuy more, save more?\u201d It\u2019s a common advertising practice. Stores hope to entice you by giving a discount if you buy a certain number of items.<\/p>\n

But do you know what would save you the most money? Not buying anything. And many times just buying one of the items and paying a bit more per item will save you over buying more of an item you won\u2019t use to receive a discount.<\/p>\n

Not buying anything saves you the most money. It will save you more than the amount of the sale or coupon you have.<\/p>\n

Invest in Yourself and Your Future<\/h2>\n

Investing both in yourself and in the future is a smart move to make. Some of my best investments have been the ones I\u2019ve made in my career.<\/p>\n

If you want your income to grow you need to invest in yourself.<\/p>\n

If you want your savings to grow you need to invest them in vehicle that suits you, your risk tolerance and needs.<\/p>\n

Related: Investments for Beginners<\/a><\/strong><\/p>\n

If It Sounds to Good to Be True\u2026<\/h2>\n

In the investment and earn more money arena you\u2019ll come across a lot of scams. Promises to earn 20% interest on your money. Also, promises that you can make hundreds of dollars per day with no experience by clicking ads. In short, all kinds of crazy promises.<\/p>\n

Remember, if it sounds too good to be true it is. It\u2019s really as simple as that.<\/p>\n

The Best Things in Life are Free<\/h2>\n

The most important money advice that is always true is this: The best things in life are free.<\/p>\n

I didn\u2019t realize this until having children of my own and experiencing first hand just how powerful that love and bond is. This statement will come to fruition in others ways for other people.<\/p>\n

It\u2019s important to recognize that money isn\u2019t everything. It\u2019s a tool, that\u2019s all. The best things in life really do come free.<\/p>\n

What else would you add to the list?<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

There\u2019s always conflicting money advice. There has to be 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. 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 […]<\/p>\n","protected":false},"author":4,"featured_media":2125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[63],"tags":[605,607,606],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/2124"}],"collection":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/comments?post=2124"}],"version-history":[{"count":0,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/2124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media\/2125"}],"wp:attachment":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media?parent=2124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/categories?post=2124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/tags?post=2124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}