 TITLE: Generation Y Kids Need Good Financial Advice CONTENT: Gen-Y Guide to Finding Financial Advice You Can Trust\n-----------------------------------------------------\n###### Written by: Kristy Welsh\n_Last Updated: September 8, 2017_\nAccording to a Fidelity Investments survey, nearly a quarter of Millennials trust no one for financial advice. As though that’s not disheartening enough, 39 percent of them worry at least once a week about their financial future. And with good reason. The average age of Generation Y is 30 years old, a pivotal time for setting in motion a financial plan for the future.\nUnfortunately, without anyone to rely on for advice, many Millennials are uncertain about how best to budget, save, and invest toward their financial goals. If you have yet to find financial advice you can trust, try this.\n**Ask Your Parents For Financial Advice**\n-----------------------------------------\nOne-third of Millennials say they trust their parents more than anyone else for financial advice. It’s not so much their expertise that Gen Y counts on (though that may certainly be the case), but their parents’ agenda: looking out for the best interests of their children.\nMillennials tend to turn to their parents on the subject of finances because they know they have their best interests at heart. This combined with a lifetime of trial-and-error makes Gen Y parents a great go-to for advice on basic financial decisions, from managing credit cards to buying a home.\n**Read Books on Financial Advice**\n----------------------------------\nYou don’t need an expensive or lengthy financial education to learn all you need to know about managing your money. The world’s foremost experts turned authors have got you covered. Once you start reading, you’ll find your own unique path to learning, but this list is a good place to start:\n_Rich Dad, Poor Dad_ by Robert Kiyosaki\n_The Wall Street Journal Guide to Starting Your Financial Life_ by Karen Blumenthal\n_Get a Financial Life: Personal Finance in Your Twenties and Thirties_ by Beth Kobliner\n_The Money Book for the Young, Fabulous & Broke_ by Suze Orman\n_The Only Investment Guide You’ll Ever Need_ by Andrew Tobias\n_Your Money or Your Life_ by Vicki Robin\n_The Millionaire Next Door_ by Thomas Stanley and William Danko\n_A Random Walk Down Wall Street_ by Burton Malkiel\n_Buffett: The Making of an American Capitalist_ by Roger Lowenstein\n_The Essays of Warren Buffet_ by Warren Buffet\n_The Four Pillars of Investing_ by Dr. William Bernstein\n_The Bogleheads’ Guide to Investing_ by Larimore, Lindauer, & LeBoeuf\n_The Richest Man in Babylon_ by George Clason\n**Consult With a Financial Planner**\n------------------------------------\nIf and when you want to take things to the next level, you may consider consulting with a financial planner. Should you do so, be sure to do your homework first.\nWhen choosing a financial planner, be mindful of the following:\n*   What is their background, education, and employment history?\n*   Are they certified (as you only want to do business with a Certified Financial Planner)?\n*   Do they take the classes necessary to fulfill the continuing education requirement?\n*   Do they charge a flat rate (preferable to a commission-based fee)?\n*   Do they have impressive referrals?\n**Trust Yourself**\n------------------\nNo matter what anyone else advises, only you know what is right for your financial future.\nYes, you need to find people you can trust, be it your parents, expert authors, or a financial planner. But after gathering all the information you can on the subject, defer to yourself first and foremost when it comes time to make any financial decision. END