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Episode 3075:
Conventional financial wisdom doesn’t always apply universally. The article challenges common money advice by exploring real-life examples where “bad” financial decisions - like keeping a mortgage instead of paying it off early - led to positive outcomes. By highlighting the importance of context, adaptability, and personal financial goals, it encourages readers to think critically rather than blindly following mainstream advice.
Read along with the original article(s) here: https://affordanything.com/2013/05/21/bad-financial-advice-but-it-worked-for-me
Quotes to ponder:
"This is why I distrust financial guidelines that assume one-size-fits-all."
"Just because it worked for one person doesn’t mean it will work for everyone."
"People have different risk tolerances, personalities, and opportunities."
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Optimal Finance Daily - Financial Independence and Money Advice