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
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
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
