3 game-changing pieces of professional advice that transformed the way I manage my money

3 game-changing pieces of professional advice that transformed the way I manage my money
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By the time I looked closely at my money, I'd already made some major mistakes.

I met with a professional to put together a plan of action, and she had a handful of game-changing recommendations that have changed how I manage my money.

For one thing, she had me move my cash into a high-yield savings account to earn about 20 times more interest while keeping it liquid. She also had me open a separate account as an emergency fund, and get started saving for retirement right away.

Now is the time to make a change. SmartAsset's free tool can help you find a financial professional near you »

In 2019, I stopped being so hush-hush about my finances and started getting help. First, from my partner, who after three years of dating, took a deep dive into my money and said, "You really need to speak to a professional." The money mistakes he instantly saw were mistakes I didn't believe I was making. He told me that I was losing money by keeping my cash in a savings account with rock-bottom interest. He asked me why my 401(k) was hardly more than triple digits, and I shrugged my shoulders.
That conversation, juxtaposed with blowing out another set of birthday candles in April, reminding me I'm not getting any younger and therefore my money mistakes are probably getting harder to fix, prompted me to reach out and seek help.
A friend at a party told me that a "trainer" at The Financial Gym in New York City whipped her finances into shape and within just a few months, she had paid off a big chunk of debt, stuck to a budget for the first time in her life, and was on track to save more money that year than ever. It sounded too good to be true, but I didn't have a choice but to walk in the door and expose my finances to a stranger in hopes of getting on a better path.
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