Financial experts share their greatest money regrets — all have one thing in common

Financial experts share their greatest money regrets — all have one thing in common  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  VIEW IN BROWSER | SUBSCRIBE WED, APR 19, 2023 YOUR WEALTH Editor's Note A TV and radio commercial in the 1970s for Syms, an off-price clothing retail store, touted a slogan: "Come to Syms, where an educated consumer is our best customer." Consumer education is basically the preparation of an individual to be capable of making informed decisions when it comes to purchasing products. The same holds true for financial literacy when it comes to making informed decisions about all sorts of money matters that have impact on your life, from buying a home to getting the right insurance polices or building a retirement portfolio. And let's be honest: It takes time and effort to effectively develop various financial skills, including personal finance management, budgeting and investing. It can be a trial-and-error-type process where you learn from your mistakes. Once you do, you will have a solid foundation of a relationship with money. But always know that mistakes do happen, especially when it comes to money. In fact, even very savvy financial experts have made money mistakes they have regretted. To that point, CNBC personal finance reporter Jess Dickler spoke with several members of the CNBC Financial Advisor Council and they shared their greatest money mistakes, and what they ultimately learned from those tough experiences. The stories shared by these financial advisors can serve as food for thought for all of us. For more timely advice to help you make smart financial decisions, check out CNBC's Financial Advisor Hub and Personal Finance section. To listen to the latest edition of the PF team's weekly Twitter Space, "This Week, Your Wallet," click here. Jim Pavia Senior Editor, Personal Finance @JIMPAVIA Financial experts share their greatest money regrets — all have one thing in common CNBC Financial Advisor Council members share their greatest money mistakes. Supreme Court declined to block $6 billion student loan settlement. Here's who qualifies for forgiveness The U.S. Department of Education can proceed in delivering $6 billion in student loan forgiveness to defrauded students, after the Supreme Court's decision. Op-ed: Here's where investors should be looking when betting on the artificial intelligence boom While much about the economy is uncertain, the rise of artificial intelligence is as sure a bet as investors can get. Here's a look at how to take advantage. As inflation starts to subside, a lower Social Security cost-of-living adjustment for 2024 may be on the horizon If inflation continues to fall at the current rate, the Social Security cost-of-living adjustment for 2024 may be less than 3%, according to one new estimate. Series I bond rate expected to fall to below 4% in May, experts say Based on the latest inflation data, the annual rate for Series I bonds is expected to fall below 4% in May, experts say. Here's what investors need to know. College Decision Day is coming up: Here's what to know before choosing a school Students have less than two weeks to figure out which college they will attend ahead of National College Decision Day on May 1. Apple wants to be 'top of wallet' with new savings account, expert says. Here's how its 4.15% offer ranks among best rates Apple may be seeking "top of wallet status" with the debut of a new savings account, one expert said. For savers, it's a sign to shop around for the best rates. Credit card interest rates now top 20% on average — here are the 3 best ways to pay down debt Americans owe more on credit cards than ever before. And they're paying a higher price for it, as well. Health plans could soon reduce coverage for preventive care. Here's what to know After a federal judge in Texas struck down a key provision of the Affordable Care Act, health insurance plans may scale back their preventive care coverage. Some travel is 'off the charts' expensive, experts say. Here are 3 ways to cut some costs The travel boom in 2023 is fueling higher prices, especially for hotels and international flights. But there's hope for a good deal, experts said. CONTRIBUTORS Sharon Epperson @sharon_epperson Josh Brown @ReformedBroker Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2023 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS