Some adages are more broadly applicable, though, whereas some dogma is simply dog crap. Steve Adcock, the author of today’s Friday Feature, is focusing on those.
There’s a LOT of advice about money out there. While some of it is okay, a lot of it (read: most of it) is just plain bad. Here are the worst pieces of financial advice I have ever heard.
I’m proof-positive that’s a lie. With proper money management skills, your 9-to-5 CAN MAKE YOU RICH. It happens all the time. I was able to retire early because of my 9 to 5 job.
Though it sounds good on the surface, this is bad advice for most of us. Here’s the problem: Your passion won’t pay your bills, but your strengths will.
This is largely outdated financial advice. Why? – Life spans are lengthening Taxation is on the rise Jobs are changing Inflation
College graduates earn more than non-grads. Them’s the facts. Exceptions apply but never count on being an exception. Don’t allow people to talk you out of a smart career move. Further, college doesn’t need to be as expensive as we tend to make it. Here are three ways to bring down the cost of college to a manageable level.
In other words, “Spend your cash on temporary happiness crap“. How about this: You only live once. Achieve FI and do whatever the heck you want for the rest of your life. That sounds much more satisfying to me.