What’s a piece of financial advice that everyone repeats, but you secretly disagree with? For example, advice like “always buy instead of rent”, “cut out small expenses like coffee”, or “just invest in index funds and you’ll be fine”. Do you think some of these popular tips are oversimplified or outdated depending on someone’s situation, income level, or goals?

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Outdated, besides the index fund one. If you are younger and have time to wait, index funds are still a decent bet. Putting money towards owning a home instead of renting is good in theory, but the housing market right now isn’t making that a reality for most people.

“Cutting out (insert absolute minor expense here).”

While I agree to a certain extent. (Some folk are dropping $20+ per day on drinks/snacks/fastfood. Those things add up. But someone who gets a $5 coffee a few times a week (most common person) that isn’t going to change shit

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