Today I'm posting Proverbs 15:22, a verse that at first blush seems like it might not apply to personal finances. From the NIV:
Plans fail for lack of counsel, but with many advisers they succeed.
Now the Contemporary English Version:
Without good advice everything goes wrong — it takes careful planning for things to go right.
And finally from the Message:
Refuse good advice and watch your plans fail; take good counsel and watch them succeed.
The quote from the Contemporary English Version really hits home with me and is very applicable to money management. If you don't get good advice and you apply what you hear, you are sunk. However, if you get good advice and plan carefully, you will likely become wealthy.
This is one reason I appreciate the commenters here at FMF. I learn so much from you all, get great advice, and consider different perspectives/possibilities I hadn't thought of. I certainly get lots of "counsel" from you and am thankful that you take the time to leave detailed and thoughtful comments. I've made some great decisions on vacation planning, real estate investing, and even small purchases here and there because of great tips I've received in the comments.
If you're a reader and would like some specific advice on your situation, you can get it by submitting a "Help a Reader" question. So far we've had just under 400 questions submitted and answered by the knowledgeable readers here at FMF, and I hope there are many more to come. Why? Because with many advisors, plans succeed. :)
I'm a big advocate in seeking counsel and thoroughly agree. I just want to add also that you have to be careful as well as to whom is giving you counsel.
Posted by: Elizabeth | February 25, 2013 at 03:29 PM