Nobel Prize-Winning Economist Shares His Best Financial Advice | TIME

Nobel Prize winner Robert Shiller talks about the upside of financial advisers and the downside of compound interest. Shiller tells investors to get a financial planner. He advises people to speak frankly and honestly with an adviser about their financial situation. Financial advisers are not always right, but Shiller says there is a lot to be gained by speaking to an adviser or fiduciary. He also warns that compound interest may not compound as much as you hope it will.

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Nobel Prize-Winning Economist Shares His Best Financial Advice | TIME