Personal FinancePeopleImages.com – Yuri A / Shutterstock.comJoey FrenetteRamit Sethi is probably my favorite personal finance guru to tune into. He doesn’t just know his stuff, but he’s also very personable, especially to many of the younger audiences out there (think Millennials, Gen Z, and even older Gen Alpha). Indeed, some of the older personal finance influencers and gurus still have very relevant advice for today’s young people, but in terms of being relatable, it’s tough to top Mr. Sethi. It also helps that he’s an entertaining guy who isn’t afraid to tell things like they are.Though there’s a lot of advice and content overlap between Sethi and some of the other gurus out there, I do think that the differences in viewpoint and contrasting opinions are what makes the topic of personal finance so interesting. Indeed, there are few one-size-fits-all solutions for some of the more complicated topics.Even for the more common ones that require less “tailoring,” there can be a bit of a clash in belief. Whether we’re talking about the “withdrawal” rate for retirement, the perfect “FIRE” (short for financial independence, retire early). Here are two hot personal finance suggestions that Sethi suggests audiences be cautious about.
Remit Sethi isn’t a huge fan of some of the common personal finance advice some gurus may recommend.
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Personal finance is personal! Take oversimplified advice with a fine grain of salt.At the end of the day, it’s my personal opinion that it’s best to absorb a wide range of “second opinions” and views so that you can weigh them for yourself and (perhaps with the help of a certified financial advisor or retirement planner) the right move that’s right for you. Indeed, personal finance isn’t always about finding the right answer. It’s more about finding the right answer for you and your family.As always, you shouldn’t take any one (or two) financial influencers’ word as gospel. Do your own homework and be empowered to educate yourself with a wide range of resources. At the end of the day, nobody has all the answers. But with a bit of help, you can find the answers you need to tackle your financial goals head-on.In this piece, we’ll look at some areas in which Sethi believes viewers should be cautious when it comes to influencers in the personal finance scene. Though Mr. Sethi is a big influencer himself, I tend to agree with most of what he says, at least compared to most other gurus.On other gurus, some of whom may not serve up the best advice, he urges listeners to avoid the hype that comes with “rules of thumb” and other oversimplified pieces of advice. Remember, personal finance is personal. And there’s no personal touch that