The Dumbest Advice I’ve Ever Heard About Debt
Everyone is an expert.
If you’re expecting your first child or starting a new business venture, there is no end to the advice headed your way.
And although virtually all of it is served up with the kindest intentions, most of those recommendations are best taken with a grain of salt.
At best, nuggets of advice tend to be based on lessons learned in a specific time and situation that may (or may not) reflect your own challenges today.
And at worst, they were dumb ideas from the start.
Here are a few of the worst pieces of advice I’ve heard on the subject of debt – alongside some of my own suggestions. See how many apply to you.