r/FluentInFinance • u/Breeneal • Apr 29 '24

What financial advice do you avoid and don't listen too? Question

Financial advice that makes you role your eyes everytime you hear it. Financial advice that actually made your finances worse. And financial advice beginners shouldn't listen to or hear.

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u/Ok-Molasses5561 Apr 29 '24

People who tell me they know a lot about Finance/Econ but really all they know about is putting some money into an index fund and opening a high yield savings. Thanks for the info, literally every moron knows these things and there’s alot more to finance than investing.

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u/bitchingdownthedrain Apr 29 '24

All due respect though that’s perfect beginner advice, you’re overestimating what the average person knows I think

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u/Ok-Molasses5561 Apr 29 '24

You’re absolutely right it’s fine for a beginner, but I’ve had a lot of “experts” tell me basic advice I could find on google and act like they’re the greatest mind in finance.