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Exclusive Q&A With Erin Lowry
What’s the one piece of money advice you wish everyone would follow?
That money and personal finance isn’t a one-size-fits-all situation. I wish everyone would understand that mastering your money is far more about psychology than anything else. There’s so much emphasis on slashing, cutting and deprivation in personal finance advice, but that isn’t a way to build a healthy, fulfilling life or a positive relationship with money. It’s important to dig into why you react and relate to money the way you do, and use that information to build a foundation and plan that will actually be effective for you.
What’s the most important thing to do to build wealth?
Set actionable goals and then invest and be consistent, even if you start with a small amount. It’s much harder to achieve your big financial goals without investing.
Lowry has published three books.
Her work has appeared on New York Magazine’s “The 13 Best Personal Finance Books, According to Money Experts” and Time’s “10 Financial Experts You Should Be Following Right Now – Financial Advice for Broke Millennials.”