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Top 35 Excellent Pieces of Advice That Most People Ignore


Financial planning is essential to have a stable and secure life post-retirement. Some pieces of advice are worth your attention, while others are worth ignoring.

Yet many people tend to ignore good financial advice for saving to plan their retirement. Therefore, they have to deal with a lot of problems once they retire since they haven’t made investments in any pension plans.

Pieces of Advice Most People Ignore Most People IgnoreHere is some important financial advice that people tend to ignore:

Best Pieces of Advice for Life That Most People Ignore:

The following are the few best life advice that people should not ignore.

1. Start saving for retirement as early as you can:

This is a common suggestion that you may have heard from many people but you tend to ignore it. However, ignoring such advice is not a wise thing to do. Once you start working, you have employment benefits and can save for your retirement plan.

So, you aren’t going to face any type of financial hardships. There may be situations such as inflation and the cost of living and social security may go up.

If you do not have a proper plan to deal with such a situation, then you may face a lot of financial problems. Therefore, once you get a job, your main aim should be to save a sizable amount of your income.

This will not only help you to plan for the future but also help you to deal with economic problems such as inflation. So, follow savings plans from the very day you start working.

2. Contribute as much as you can to a retirement fund:

A retirement plan is very important, especially in the modern scenario where few jobs have pension and security. But to have a secure future, you should invest as much as you can into a retirement fund. It can prove to be beneficial if your employer contributes a small amount of money to your retirement plan.

It is a kind of money which you will be getting as free, and so you cannot ignore it. This will prove to be even better if you feel that you are being underpaid since it is your first job.

By contributing to your retirement fund from the very beginning of your career, you will be able to save a substantial sum. So, it will help you to meet your expenses once you retire from service life. You will thus have a safe and secure future personally.

3. Make additional savings also:

Apart from depositing in an emergency fund, you need to make additional savings as well. You may need to make savings for quite a few things like children’s education, healthcare expenses, etc.

It is up to you to find out what you will be saving for, but having a good sum as savings will be very useful in the long run. You may require money for a family vacation or for many things which you don’t have to pay for in normal circumstances.

By saving a good amount of money, you will be able to make sure that you have peace of mind. Therefore, plan the exact amount of money which you will be able to save every month. Plan your monthly expenses accordingly to make sure that the amount you planned is saved each month.

4. Clear of all your debts:

Make it a point to clear all your debts. Incurring debts is not a wise thing to do. It can cause a lot of hardships to you in the long run. Therefore, make it a point to clear all the debts.

Avoid buying those items that you cannot buy in cash. You can think about saving only after you have made sure that all your debts have been cleared. The sooner you can pay them off, the higher will be your peace of mind.

5. Have a clear idea of the difference between good debt and bad debt:

Many people do not agree that there is something called bad debt, but there is. Everyone can’t pay for an apartment in cash, so the mortgage is regarded as good debt.

A car loan, on the other hand, would be considered a bad debt. Such a debt will never generate any credit for you and is, therefore, worthless.

In contrast, a house is a good debt that will acquire good value over time. Therefore, you will need to know the difference well and make sure that your good debts are higher than your bad debts.

6. Pay off your credit card bills every month:

Make it a point to pay your credit card bills on time monthly. This will ensure that you don’t have to pay a higher amount after the due date when interest is accrued on the outstanding amount. There is no harm in having a credit card, but you will need to pay off the amount due in full every month.

A credit card can help you pay for the items you buy, but it’s always wise to clear your dues within time. This is the only way through which you can maintain a good, clean record. By paying off your credit card dues on time, you will be able to make sure that having debts doesn’t become a way of life.

7. Going slow and steady can work for you:

This is something that many people do not realize. But it is the tortoise who always wins against the hare. This happens because despite being slow, the tortoise is steady and alert throughout the race. The hare, on the other hand, is fast and reckless. There is no scheme through which you can become rich overnight.

You need to plan with care, make savings slowly and pay a good deal of attention while paying off. There is no way that you will be able to save a large sum overnight. Therefore, add your savings month by month.

As the interest accrues, you will be able to collect a large sum that you can use to meet your household and medical expenses once you retire. So, you won’t have to depend on financial assistance from your family members. Therefore, it will be possible for you to remain free from economic hardships once you retire.

8. Save in an emergency fund:

Saving at least $500 a month as savings is essential since you do not know what type of economic crisis you can come across in the future. Issues such as the sudden illness of your family members or repair of a damaged vehicle or a new washing machine you bought are likely to lead to additional expenses.

Imagine that you have no money to pay for all these expenses. There would be nothing that you could do to deal with this type of emergencies. Therefore, make sure that you save a part of your income in an emergency fund.

As a result, you will be able to deal with crises in a better way. You won’t have to incur debts to pay for such issues if you have a sufficient amount as savings in an emergency fund.

9. Saving small amounts is better than saving nothing:

You can save every month if you plan your finances well every month. There are a lot of people who fail to pay their bills every month and they fail to make any savings. But some people happen to be spendthrifts and spend money without any sort of planning.

It’s not that they cannot make any savings, they don’t want to. If you don’t have a habit of saving, then you can start by saving a small sum every week.

Save $5 during the first week, $10 during the second week, $25 during the third week and so on till you save a large sum. This is a quick and very effective way of saving your money. Once you start doing it, the saving will become your second habit. Therefore, even if you save a small amount, it would be better than saving nothing.

10. Stop wasting money without plans:

Many people have a habit of spending without any plans for the future. You can stop leasing vehicles when you spend a substantial amount on its maintenance.

Instead, drive your car. Avoid buying a new vehicle every 3 years and stop wasting on such luxuries. Age-related complications may make it essential for you to opt for health insurance. Buying an insurance policy won’t be possible if you do not have adequate savings.

Your children’s educational expenses will also rise as they finish high school and enroll in a university. Therefore, you will have to cut down on unnecessary expenses. Plan your monthly budget and make sure that you spend only on essential household items. Cut down on things that are considered luxuries. This will help you to cut down on unnecessary spending.

Best Pieces of Advice for Living a Happy Life:

People usually hate advice even if it is given for their good. The importance of good advice is mostly ignored but later regret thinking of it.

As per experts, the best thing when receiving good advice is to follow and pass it on to others. Listening only things you like won’t help you every time. You need to accept good pieces of advice which will be very helpful in your life.

Here we are enlisting a few other best pieces of advice for life:

  1. Trust yourself
  2. Focus on value than profit
  3. Trying to learn new things
  4. Believe your instincts
  5. Quitting surely fails you
  6. Treat others well only then you will be treated well
  7. To make your dream true you need to take action
  8. Choose the right thing rather than easy
  9. Adversity leads to new opportunities
  10. Don’t care what others think about you
  11. Avoid making decisions when angry
  12. Getting what you need is not possible all the time
  13. Your work needs to speak for you
  14. Life is fair is a delusion
  15. Improving listening skills will be very helpful
  16. Face your fears to overcome them
  17. Do not waste time impressing others
  18. Give your best at work
  19. Luck favors one who works hard
  20. Give and receive is the best policy
  21. Being patient
  22. Do not drive through assumptions
  23. Focus on your present
  24. Celebrate smaller wins
  25. Know yourself well