Your parents are your well-wishers, no doubt. It is natural to take their advice at face value because you think they are experienced and cannot go wrong. While they don a lot of hats for you – parent, friend, teacher, etc., do not let them be your financial advisor. Chances are their views on money, career, housing will not be applicable to your life now. Although they would be wise in advocating the basic tenets of financial discipline – regular saving and investing, not al

Free financial advice comes from all corners whether you are starting out or well established. In personal money matters, people look to their families, relatives, etc for casual advice. Informal financial advice is also often dispensed during casual conversations between friends, work colleagues, etc. The advice is sought out of trust or relying upon other’s investing experiences. While the advice given is innocuous, it can be dangerous in harming your finances over the long