Five lessons you can learn from the mistakes made by personal finance experts

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These financial experts share what they wish they could have told their younger selves about money.

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Invest early, even if it’s scary If the stock market scares you, nationally syndicated Washington Post columnist Michelle Singletary can relate. Singletary says she avoided investing for many years because in her first job out of college, an older co-worker — one who was close to retirement age — warned her that stocks were too risky.

Time is one of the most important tools in investing thanks to the 'miracle' of compounding interest. Here's what it is, how it works, and why it can help you. “Do the work to heal your pain, so you aren’t creating more unnecessary problems for yourself,” de Leon says. Part of that journey became a book, “Leap: Leaving a Job with No Plan B to Find the Career and Life You Really Want.” But Vigeland says life after public radio might have been easier if her work hadn’t been such a big part of her identity.

 

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