Earn, do and be more

When it comes to finance, how do you avoid information overload? When sifting through the wealth of information and opinions out there, always consider the source. Do they have your best interests at heart? Or do they answer to their own best interests and bottom line?

Unless you work with an independent fiduciary, you can’t be sure that the advice you receive is intended to benefit you, not the firm or broker.

Your job affects your financial life beyond serving as the source of your paycheck. It affects how you should be investing, both in the short and the long term. Most people fail to take into account the nature of their work when looking at their asset allocation. Even though they think they’re looking at their asset allocation holistically, they’re only looking at their bank and brokerage accounts. And they should be looking equally closely at their source of income.