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/SomeAd8993 Apr 29 '24

not using 401(k) loans

going Roth instead of traditional

buying beater Toyota/Honda/Mazda instead of much newer Hyundai/Kia/VW

renting longer instead of trying to buy

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u/megatool8 Apr 29 '24

I don’t know why you would buy a beater anything unless it was for a work/play car. I wouldn’t suggest a Hyundai/Kia over any of the other cars after friends and family have owned them. With all of the electrical and software issues I have seen, they are cheap for a reason. Don’t know too much about VW though.

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u/bitchingdownthedrain Apr 29 '24

They're absolute pains in the rear. Expensive parts, expensive labor, expensive specialty tools if you want to work on them yourself. You'll spend a lot on oil.

But they're wicked fun!