Education, not advice
Explaining how money works, rather than telling a specific person what to do with theirs.
The distinction is not a legal formality, and it is worth understanding as a reader rather than skipping.
Education explains how something works — compound growth, what a minimum payment does, why an emergency fund is sized on spending. It applies to everyone because it is describing a mechanism.
Advice is personal. It requires knowing your income, debts, obligations, tax position, health and intentions. Nobody who has not asked you those questions is in a position to give it, however confident they sound.
Everything on this site and in the books is the first. No specific stock, fund, coin or product is ever named — a deliberate refusal, because handing someone a list of things to buy teaches them nothing.
For decisions that are large or irreversible, a qualified professional regulated in your own country, paid by you rather than by the products they recommend, is the right person to ask.
Words on this page
- Compound interest — Interest earned on your interest, so growth accelerates instead of staying flat.
- Minimum payment — The smallest amount a lender will accept this month — usually a percentage of the balance, which shrinks as the balance does.
- Emergency fund — Cash set aside to cover unexpected, necessary and urgent costs, so they do not become debt.
- Share — A small piece of ownership in a company, including a claim on its profits.
Related terms
Covered properly in Learn.