What are some of the financial wisdom that you've heard from your peers, clients, colleagues?

This is a pretty good question... Yeah for me I've heard these:

• Buy Term Invest the Rest (BTIR) simply because of the fees in the long run and taking a DIY approach
• DCA (dollar cost average) LSI (lump sum investing)
• Should get insurance when you are young (with no dieseases and lock in the premium rates)
• Invest for high risk: Only money you can afford to lose
• Invest for the long run (to ride out the ups and downs)
• Only invest in what you understand
• Insurance is a MUST (to protect downside)

Yup these are the more commonly heard ones so far... haha interested to hear what the community has also.

• Do not go into business with with those you want to keep — my Uncle went into biz with close friends and later fell out but I think this really depends
• Never spend money to gain more perks. iE spending more on your CC to get more rebates
• Do not invest in something you do not understand
• Do not invest just because someone else says it is good

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Never lend money to other other people. Giving is easy, taking back is hard.

You can't take your money with you after death. You're just a caretaker of it while you live