Myelle Lansat/Business Insider
28-year-old Alia Shalaby said the best financial advice she received is to seize the moment and plan for the future without overthinking it.
- We asked people in New York City about the best and worst financial advice they've ever received.
- Some people said the best advice was to save and prepare for the future, while others said the worst advice was to accept a job just for the money.
- Parents don't always set a good financial example, and some people had to learn finances the hard way.
Whether you read it, hear it, or see it, good and bad financial advice surrounds us.
After asking people in the streets of New York City the best and worst money advice they've ever received, we found that a majority of people were told similar things.
For the most part, bad financial advice included taking a job just for the money or waiting to save until later in life. Many said the best money advice they received is the exact opposite: save, budget, and plan for the future.
For advice that can't be read online but is more often passed down from parents, the answers were also similar. Many people said their parents taught them to save and plan for what lies ahead. Some people did not receive great advice from their parents and taught themselves how to be financially successful - or are still learning.
With escalating trade tensions, high cost of living in major cities, and spiked interest rates that could lead to a possible recession, being equipped with good financial advice is as crucial as ever.
We asked 16 people on the streets on NYC about financial advice they've received in life and what their parents taught them about money. Here's what they had to say: