ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

‘Emily in Paris’ Star Ashley Park Shares Valuable Money Advice: "Ask Questions"

Ashley Park recently partnered with Northwestern Mutual's Great Realization campaign to share two valuable lessons she has learned about personal finance.
UPDATED JAN 22, 2024
Cover Image Source: GettyImages/Roger Kisby
Cover Image Source: GettyImages/Roger Kisby

Millennial actress Ashley Park has garnered critical acclaim for her performances on and off Broadway and more recently as Mindy Chen on "Emily in Paris". However, with success came complications when Park found herself lacking the necessary financial knowledge to navigate her growing career and financial obligations. In a recent CNBC piece, Park was quoted talking about the importance of financial literacy and the valuable lessons she learned.



 

Ask more questions

One significant revelation for Park was the realization that asking questions is crucial for improving financial literacy. She acknowledges that many young people shy away from asking questions out of fear of appearing ignorant. However, she emphasizes the importance of overcoming this barrier. Park advises, "Ask more questions. No question is silly, and I'm not embarrassed anymore to ask how, what, or why when it comes to finances, especially my own."

Image source: GettyImages/Steve Jennings
Image source: GettyImages/Steve Jennings

To start learning about personal finance, individuals can explore various tools such as free budgeting apps, spreadsheets, and informative websites that cover the basics. Seeking professional advice from a financial expert can also be beneficial, particularly one who acts as a fiduciary, meaning they are legally obligated to act in the client's best interest. When choosing an advisor, it is wise to consider the costs and opt for a fee-only professional who charges an hourly rate or flat fee, rather than relying on commissions.



 

Park has found working with a financial advisor to be highly valuable. She dispels the misconception that financial advisors are only for individuals with substantial wealth, stating, "An advisor can help you navigate the financial waters ― calm or choppy, short-term or long-term."

Make a long-term plan

As an actor with an unpredictable schedule, Park never believed she could set long-term financial goals for herself. However, she has come to understand the power that comes from having a clear plan. Her current primary financial goal is to own a home, a symbol of stability and permanence.



 

Park acknowledges that she is in a unique position without a partner or children, but she emphasizes her right to take a risk on herself and invest in her own future. She envisions owning a home as a means of planting roots and creating a space where she can grow personally and professionally. Additionally, she plans to extend this opportunity to her grandmother by purchasing a home for her as well.

Image Source: GettyImages/Monica Schipper
Image Source: GettyImages/Monica Schipper

Ashley Park's journey toward financial empowerment serves as an inspiration to millennials and young individuals navigating the complexities of personal finance. By overcoming the fear of asking questions and seeking professional guidance, Park has acquired valuable knowledge that has positively influenced her financial decisions.

MORE ON MARKET REALIST
In the end, Mr Wonderful cut off Greiner with a deal that the founder of Wad Free couldn't refuse.
4 hours ago
Seacrest got geniunely spooked as he couldn't figure out who played a prank on him.
5 hours ago
The seller brought some "Secret Service" memorabilia of former Attorney General J. Howard McGrath.
9 hours ago
The guest was already emotional because of the backstory involving native Alaskans.
1 day ago
The player once again fumbled a puzzle despite moving forward in the game.
1 day ago
The host didn't want to get more of the weird answers on the show anymore.
1 day ago
The founder of Beyond Sushi impressed the Sharks with 100% plant based flavors.
1 day ago
The Shark jumped back in to the deal as he thought his wife would love the product.
2 days ago
The guest who bought the item at a charity store had no idea that it was over 3,000 years old.
2 days ago
When the rare coin showed up on Harrison's table, he had to take his old man's approval for the deal.
3 days ago
Fans said that such behavior was unnecessary and slammed the antics as self-congratulatory.
3 days ago
Several customers took to social media to complain about spoilt milk that they purchased from the store.
3 days ago
Despite the massive appraisal, the brothers shared that they would never sell their collection.
3 days ago
Harrison is often impressed by suits belonging to legendary musicians or actors.
3 days ago
The founder of 'Permaplug' had done his research on the Sharks to help make a decision.
4 days ago
When the item turned out to quite a valuable artifact, Harrison refused to let it go.
4 days ago
The Sharks formed teams and ditched their partners to get a deal with "The Woobles".
4 days ago
With a tiny margin of four steps, the player won prizes worth $8,000 after a tense game.
5 days ago
The recall was issued amid reports of multiple deaths and over a dozen illnesses across 13 states.
5 days ago
The player celebrated her way to the stage and then got more than one reason to celebrate.
5 days ago