Discover and read the best of Twitter Threads about #FinPlanMistakes

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What's the worst financial decision you have ever made.

I have a few examples of actions you should NEVER take.

1. Borrow from your Retirement plan for immediate consumption eg Burial, Holiday or Naming Ceremony.

This is not just a sin, it's a cardinal sin.

#FinPlanMistakes
2. Using credit card to pay layaway on a non- interest earning asset eg Gold watch.

Value of gold cannot keep up with interest cost of credit card
Taking a market rate mortgage to build a country estate in Village without option to earn rent
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