2021 ended with inflation hitting an astonishing 7% rate – higher than it has been since the 1980s. There are few areas of life left untouched by rising costs. If you consume anything, you’ve felt the sticker shock.

While some financial wisdom is timeless, the world we live in today has experienced vast changes in its economic and financial landscape. And with changing times comes a need for better, newer financial advice.

Here are some pieces of financial wisdom you’re better off leaving in the past.

Investors and entrepreneurs alike rely on a network of skilled professionals to get the job done right – from lawyers and tax experts to management teams and portfolio advisors. It might seem like a chore to add another advisor to the list.