Don’t wait to get started — or to get help
Laying a good financial foundation isn’t one of those tasks you can put off until later. It’s easier to start when you’re younger, even if you don’t have much money yet because your life is likely less complicated.
Besides, if you approach money with a “meh” attitude in your 20s, you won’t have the savings later to do the things you need or want to do.
“The sooner you get your financial s— together, the less you’ll have to compromise,” says Priya Malani, founder and CEO of Stash Wealth, a financial advisory firm based in Charlotte, North Carolina.
If you feel overwhelmed, don’t wait to get help. Thanks to our recent embrace of virtual meetings, it’s never been easier to connect with a financial adviser without having to take a day off to go to their office. A word of caution, though: Bad money advice is everywhere, and it’s easy for influencers to seem like experts when they’re actually just brand ambassadors.
Nerdy tip: Financial advisors are available at a variety of price points. At NerdWallet, we recommend you work with licensed, registered, fee-only fiduciaries. That means they don’t make money through commissions for selling financial products.