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Hi

"Millionaires don’t put much value on free ad- vice. Millionaires learn from people who have been there, done it, and are preferably still doing it. This is where your financial education expense will start adding up."

What does (this) refer to?

What does (start adding up) mean in this context?

What is the writer trying to say in the whole sentence ( This is where your financial education expense will start adding up.)?

The meaning of the above senetence is not clear to me.

 

Thanks

Original Post

Hi, Izzy,

I decided to look up the sentence to get more context and found that "ad-vice" is actually one word: advice. The sentence at issue has been taken from The Top 10 Distinctions Between Millionaires and the Middle Class by Keith Cameron Smith:

More people than ever are becoming millionaires because they are compressing time and learning financial secrets that took others years to discover. I feel like some of the $20 books I have read were worth $20,000 because of what I learned from them.
In addition to books and audio programs, millionaires also pay for advice from people who have specialized knowledge in a field they need to learn about. The middle class looks for free advice. Free advice can often be the most expensive advice. Oftentimes, free advice ends up costing you something. Free advice is usually just the opinion of someone who thinks he knows what he is talking about but doesn’t have any realworld experience.
Millionaires don’t put much value on free advice. Millionaires learn from people who have been there, done it, and are preferably still doing it. This is where your financial education expense will start adding up.

I think in this case "add up" means "make sense": spending money on getting specialized advice will start making sense when those providing it -- e.g. through books -- are actual experts, not ordinary people giving you some unfounded and perhaps mistaken advice. "This" refers to learning from those experts, no matter how much that may cost.

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