Discover and read the best of Twitter Threads about #finplanmistakes

Most recents (1)

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
Read 7 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!