Why not listen to their parents when it comes to money

The views of parents on the housing, investment and accumulation, is not likely to apply to modern life. If only they do not work in the field of finance.

Usually tips parents limited their personal experiences, and sometimes political views. They often refer to a conservative investment, are overpaid for the service. Many are spending on mobile communication, when one can communicate online. Do not trust electronic payments and give money for a commission. And still have outdated ideas about career and finances. For example, it is advised to get up to the Labor Exchange, if you lost your job, or stay long in the same company, because it is safer.

Those who are not experienced with current difficulties are unlikely to be able to give actual advice today.

Now it is easier to find useful information on the Internet or in books of financial professionalsThan seek the advice of relatives.

Do what is right for you in a particular situation. If you live in a city where more than half of the earnings has to be given for a removable apartment, to buy their own homes in the 25 years it is impossible. While the older generation can advise you this.

What you're shooting shelter, it does not mean that you are irresponsible. This is a consequence of the modern financial system. It should be clear about how to construct the system, and to be honest with you, when you put financial goals and strive to improve their future.

Do not forget that parents want to help, and thank them for their advice. Still, to make financial decisions on their own.

see also

• How to change financial habits inherent parents →
• How to save in a big city, without losing the quality of life →
• 9 common mistakes, because of which you lose money →