The smartest advice I ever got

Learning is a continuous process and it’s great to hear the words of wisdom of people I admire.

Money magazine recently came out with a feature in which 40 great minds share the best money lessons they ever learned.  I would like to share my favorites:

  1. Know where your money goes – Derek Jeter.  “Even if you have someone who handles your finances for you, you should always be involved in the process”.   It is important that you know exactly what is entering your bank account(s) and more importantly,  what it is being spent on.    You don’t want to want to wake up one day to find out that your life savings has been frittered away.
  2. Be frugal but not stingy – Meir Statman.  “Use money well, but do not waste it.. money is there to do good things, to support your family and others.”   Use money judiciously in order to live a good life.  
  3. Don’t get too good at the wrong stuff- Timothy Ferriss.  “If you excel at the menial tasks, those are the responsibilities people will associate you with and give you.  Get noticed for doing things that help the big picture.”   Great career advice.
  4. Be careful of people you trust – Scott Adams.  “.. the only people who screw you are the people you trust.  The people you don’t trust never get the chance.  So keep an eye on the people you trust”.  Enough said.  This goes hand in hand with #1.

Motherhood has a very humanizing effect. Everything gets reduced to essentials. ~Meryl Streep

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