CNBC: “Here are some key things financial advisors would tell their younger selves”
CNBC, May 9, 2022 — Marguerita Cheng, CFP® Pro is featured in today’s article by Sarah O’Brien who writes, “For anyone getting started with adulthood, the financial stuff can be among the trickiest aspects to navigate. That can be the case even for those who go on to be financial advisors. For these professionals, some advice they regularly give clients now — after years of extra education and real-world experience — was unknown to them when they were younger. And there are some key things they would tell their younger selves if they could.”
For instance, certified financial planner Marguerita Cheng said she headed into adulthood knowing that she should save money — i.e., put it in a savings account — but investing those funds in the stock market was not on her radar at first.
“Today I’d tell my younger self, ‘It’s great that you’re working and putting money in savings, but be sure you understand the difference between saving and investing,” said Cheng, CEO of Blue Ocean Global Wealth in Gaithersburg, Maryland, who serves on CNBC’s Financial Advisor Council. “You build wealth by investing.”