Thursday, December 27, 2018

Exposing Bad Money Advice

Here is the link.

1. About life insurance

Do not over insure yourself

2. Save as much money as you can
To invest money,

3. Bigger home are better investments - huge slump - terrible advice

Not always go up.
Why you overextend yourself?

4. Stock market -Stock is so high to sell, it is so low to purchase
Market timing - consistently investing; but by averaging, it goes up.

Over a period of time, you do not need to worry about market going up or down. The idea is consistently investing the money.

5. Focus on monthly payments - never ask you how much you like to pay, every month you like to pay

6. Take out student loan as much as you can

It is terrible advice. Student loan can cover up everything, food, utility and everything. The loan will hurt you and add up in a long run.






No comments:

Post a Comment