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Don’t go into business with family, avoid lending money you’re likely to need back and never let the sun set on an argument with friends – are among the ‘pearls of wisdom’ passed down by wise retirees in a new study.
The top 50 list of advice includes financial tips such as pay off debts rather than spending money on luxury items and try to pay off your mortgage as early as you can.
But it also includes some wise words such as save the long working hours until the children fly the nest, and spend quality time with grandparents as they won’t be there forever.
Stacey Stothard, from Skipton Building Society said: “The pearls of wisdom which feature in this list show just how wise and wonderful our older generations are – and just how much we should take heed from their life experiences.
“The over-65s can look back on mistakes they have made and opportunities they’ve missed during the first two thirds of their life, and try to encourage their children and grandchildren to follow a different path. Equally in sharing their experience of what’s worked well – and prioritising for the longer term – not just the here and now – is priceless advice coming from many retirees.”
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