Best financial advice you've received? why?
I was counselled to save some of every paycheck. I was also counselled to "learn a trade". I was told to pay attention to "compounding" interest and how it can cost you money (if you have a loan) or work to your benefit... with respect to investing for the long term.
I've followed the first two tips assiduously. Over the years I've come to fully understand and appreciate BOTH. I always "pay to principle" when I have an installment loan. When investments return "discretionary" income; I've UNERRINGLY "sent my nickels out to play" on "playgrounds" I've researched... they've brought their little friends home, too! and those dimes and quarters have been summarily reinvested, too... . Once you understand compounding and how to make it work FOR you, you're well on your way.
Best tip YOU'VE ever received?