How to ruin your financial life, #badadvice

Discussion in 'The Cocktail Lounge' started by baudwalk, Sep 14, 2015.

  1. TheApollonian

    TheApollonian Well-Known Member

    Joined:
    Aug 2015
    Posts:
    316
    Likes Received:
    2
    Alright already you're pretty smart and gosh darn funny. Great advice or should I say bad?
     
  2. Rosyrain

    Rosyrain Senior Investor

    Joined:
    Apr 2014
    Posts:
    673
    Likes Received:
    2
    This was a good article. I always tell people to put even $5 a paycheck in their retirement account if that is all they can afford. Credit cards are a necessary evil
    You should have at least one for diversity on your credit report, but they can lower your score if you use them too much.
     
  3. Sunflogun

    Sunflogun Well-Known Member

    Joined:
    May 2015
    Posts:
    426
    Likes Received:
    1
    Thanks for sharing it! I don't know about credit cards, I believe it's a cultural things because we should actually live with what we have and not on credit.
     
  4. Yosh

    Yosh Well-Known Member

    Joined:
    Jun 2015
    Posts:
    107
    Likes Received:
    0
    Yeah, they're terrible for that. I've heard of so many people going into debt because of them. I try only ever use a debit card when I'm shopping to avoid that whole thing altogether.
     

Share This Page