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The Worst Money Advice

Don’t invest in your own small business. Cash in your 401(k) to pay off credit card debt. Borrow on a credit card to buy your college textbooks.

All these qualify as “The Worst Money Advice I Ever Got,” according to an article by Kristin Colella published October 13 in the online magazine Main Street. She asked six people about the worst piece of financial advice they had received, then interviewed several financial planners. She found that what was bad advice for one person might be great advice for someone else in different circumstances.

Rick was among the planners Colella interviewed for the piece. You can read it here.

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