Did you know that you can learn money tips from your favorite pop songs? Whether it's a '60s classics or a song from this decade, you can learn a lot.

Follow these top 10 investment tips from pop music.

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10. "Umbrella", Rihanna (2007)

"Now that it's raining more than ever
Know that we'll still have each other
You can stand under my umbrella
You can stand under my umbrella"

Lesson: Create an emergency saving account.

It's important to have a rainy day fund when financial catastrophes occur. Take money from each pay check and place it in an emergency savings account. Your rainy day fund should contain three to six months of living expenses. An emergency savings account keeps you from being caught in the rain without an umbrella.

9. "Respect", Aretha Franklin (1967)

Find out what it means to me
Take care, TCB

I'm about to give you all of my money
And all I'm askin' in return, honey
Is to give me my profits"

Lesson: Find a brokerage firm that appreciates your business.

If your current brokerage firm or financial institution is socking you with high fees or taking you for granted; it's time to find another one. Do you have trouble getting a return call from your financial advisor? There are plenty of brokerages that would be glad to have your business. Make sure that you are getting the proper R-E-S-P-E-C-T from your current brokerage firm.

8. "Control". Janet Jackson (1986)

"This is a story about control, my control
Control of what I say, control of what I do
And this time I'm gonna do it my way
I hope you enjoy this as much as I do
Are we ready? I am? Cause it's all about control
And I've got lots of it"

Lesson: Control your emotions.

Did you cash out all of your investments during the March lows of 2009? Did you miss out on the market rebound of the last year? If so, you can only blame yourself. The key to investing is controlling your emotions and being able to navigate through market bottoms. Market bottoms are your best chance to take advantage of opportunities. The last year has been a great opportunity for long term investors to buy cheap stocks on sale. (For more, see Logic: The Antidote To Emotional Investing.)

7. "Strapped For Cash", Fountains Of Wayne (2007)

"I'm just a little strapped for cash
Take it easy baby, cut me some slack, I said
I'm just a little strapped for cash
Very temporary, don't you worry 'bout that
Strapped for cash"

Lesson: Stay away from companies racked with debt.

In the 1980s and 1990s, there were companies that were stock market darlings and now these companies are burdened with huge debt obligations and declining revenues. Companies like these that were formerly good investments may fade away into oblivion due to their huge debt levels.

6. "Rumors", Timex Social Club (1986)

"I tell you one time only with my business please don't mess
Look at all these rumors running me everyday
I just need some time some time to get away from
From all these rumors I cant take it no more"

Lesson: Never chase hot stock tips.

Stay away from hot stock tips from market experts, friends, and family members. Financial television shows are filled with pundits offering hot stocks that you need to invest in right now. Investors that chase these hot tips often get their hearts broken by an underachieving investment. Investment ideas that are being trumpeted as hot tips will leave you on the losing end of a trade.

5. "Help", The Beatles (1965)

"Help me if you can, I'm feeling down
And I do appreciate you being round.
Help me, get my feet back on the ground,
Won't you please, please help me?

Help, I need somebody,
Help, not just anybody,
Help, you know I need someone, help."

Lesson: Get professional advice if you need it.

It can be difficult trying to figure out if you will have enough money to meet your retirement goals. You have to consider your asset allocation, investment horizon, and risk tolerance for your investment portfolio. If you are confused about any of these areas, contact a professional. You don't want to gamble with your 401(k) or IRA.

4. "I Wanna Be Rich", Calloway (1994)

"I want money lots and lots of money
I want the pie in the sky
I want money lots and lots of money
So don't be asking me why

I wanna be rich oh
I wanna be rich
I wanna be rich oh
I wanna be rich"

Lesson: Add some income to your investment portfolio.

Bonds have a place in the portfolio of every investor from 20 year olds to senior citizens. Bonds are great because they provide consistent income during stock market downturns. Bonds generally do well when stocks are going down. The steady return of bonds can lower the risk in a portfolio.

3. "Yesterday", Beatles (1965)

All my troubles seemed so far away,
Now it looks as though they're here to stay,
Oh, I believe in yesterday."

Lesson: Look at an investment's historical performance.

While past performance is not necessarily an indicator of future performance, it is a great place to start. Look at the five and 10-year track record of a mutual fund or bond investment. Compare the fund's performance to other mutual funds. You can learn a lot about a mutual fund by judging its past performance, fees, and management team. (To learn more, see Mutual Fund Or ETF: Which Is Right For You?)

2. "End of The Road", Boyz II Men (1992)

"Although we've come to the end of the road
Still I can't let you go
It's unnatural, you belong to me, I belong to you
Come to the end of the road
Still I can't let you go
It's unnatural, you belong to me, I belong to you"

Lesson: Don't be greedy.

Knowing when to part with a good investment is just as important as knowing the right time to buy. The only way to ever realize a gain from an investment's price appreciation is by selling it. You should always have a price at which you would be willing to sell an investment. If you don't, then you could end up holding a winning investment for too long.

The owners of tech stocks in the '90s wish they had sold their positions before the tech bubble exploded in 2000. Jim Cramer has a saying that "bulls make money, bears make money and pigs get slaughtered".

1. "Diamonds and Pearls" Prince (1991)

"If I gave u diamonds and pearls
Would u be a happy boy or a girl
If I could I would give u the world
But all I can do is just offer u my love"

Lesson: Add natural resources to your portfolio.

Gold, copper, oil, and metals all deserve a place in your portfolio. You can buy a natural resource fund or ETF to add basic material exposure to your investment portfolio. Only devote 5-10% of your portfolio to basic materials. (For another take, check out 10 Investing Tips From Heavy Metal.)

Inspired by the CFA Institute article: Top 10 Investment Tips From Classic Rock by Tom Collimore, CFA.

Catch up on your financial news; read Water Cooler Finance: The Unrelenting Claw Of Bernie Madoff.

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