Updated: May 17
While family and friends are almost always well-intentioned, it's easy for information to be misinterpreted or changed as it is shared down the line - *think Chinese whispers*.
One thing women don't need is unsolicited advice.
The world bombards women with unsolicited advice. This advice can be based on outdated gender roles and societal pressures, and can lead to women feeling like they are not in control of their own lives. Additionally, this advice can be conflicting and confusing, making it difficult for women to make their own decisions.
When it comes to money advice, shut them down!
There is no shortage of opinions about what you should do with your money. Don't let these opinions overwhelm you; it's important to stay focused on your personal financial goals.
When accepting advice - ask yourself.
Are they experts? It's not a good idea to ask an electrician for medical advice - the same is true for financial advice.
Is the information accurate? Perhaps your cousin did read an interesting article from a reputable source and his information about superannuation investments is accurate, but maybe it isn't.
Is it relevant for you? Take your current circumstances and future plans into account when making financial decisions. There is no point purchasing an investment property or starting to invest in shares if there is no strategy behind it.
If you are unsure about the information, don't act on it until you've done your own research and spoken with a Certified Financial Planner.
What you need to know
This information is provided by Lush Wealth Financial Planning and Money Coaching.
We specialise in financial planning advice for women. We are a team of dedicated financial advice professionals led by Certified Financial Planner Christine Lusher.
The information contained in this article is of general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regards to those matters and seek personal financial, tax and/or legal advice prior to acting on this information. Join the club of ladies who have their finances sorted - contact us today to get started.
We are available for appointments in our Newcastle or Sydney offices or Australia wide via video conferencing. Ladies, our Lush Life Financial Planning Advice Program has been designed specifically for Australian Women by a team of dedicated money experts.