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Tuesday, March 24, 2015

"The 8 worst pieces of money advice I've ever received" by Trent Hamm (@trenttsd @thesimpledollar @BusinessInsider)

Many people have a lot of good advice to offer when it comes to financial matters, but beware of following some of these pieces of "advice" that were given to financial blogger Trent Hamm.


"Recently, I was asked by a person interviewing me for the single best – and the single worst – piece of personal finance advice I've ever heard.
The best was easy — spend less than you earn. The worst? I listed several, and thought of more later on.
Here are eight terrible pieces of financial advice I've been given with a straight face over the years.
For each one, I'll spell out why it's wrong and also rewrite it into genuine good financial advice."

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