My Best Financial Advice: Steve Pavlina

The Consumerist asked popular personal development blogger Steve Pavlina to give his single best piece of financial advice. Here’s how he responded:

How often do you ignore your common sense and succumb to traps like wishful thinking, with its promise of fast and easy results; trolling, with its lure of intelligent debate; and penny pinching, with its prideful certainty that saving five dollars is better than earning five hundred? If the financial advice you’ve been getting hasn’t proven itself effective, then toss it out and rebuild your financial beliefs from ground zero. If you want to become a millionaire in 10 years or less, you can’t subscribe to the 40-year skimp-and-save approach. Sure you can save your way to a million in 40 years, but you can earn your way there a lot faster.

For more details, see 5 Wealth Lessons From 20 Percent of a Millionaire.

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