In this post, I’m going to compile five of the most common comments and questions I get from readers, along with my response to them.
A Dire Situation
1. Help me! My complex financial situation is incredibly dire!
While I’m quite happy to offer suggestions to readers about their finances, I make it clear that I am not a financial advisor. My advice is that which you should expect from a layperson, no different than if you asked a buddy over a beer what he thinks you should do with your finances.
Most of the time, if the situation seems dire and complex, I encourage the person to seek professional assistance – but that often gets a pretty bitter response. I am never going to offer detailed suggestions over email, simply because a single email, no matter how detailed, can ever really make the whole situation clear. If nothing else, I don’t know who you are and whether or not you have the fortitude to actually dig out of the situation.
If you’re truly scared about your situation, the solution will almost never be found in a single email to a personal finance writer. The biggest benefit that I can provide is an ear to listen to your problems – I’m probably not the person to be providing the solution (although I would love to if I could).