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Updated almost 5 years ago on . Most recent reply

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Richard Prillerman
  • Rental Property Investor
  • Southeast, USA
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What's the worst financial advice you've gotten or heard?

Richard Prillerman
  • Rental Property Investor
  • Southeast, USA
Posted

I consider myself very financially savvy and I have been my whole life; however, I've heard some of the crazy things to do with money, so just out of curiosity, what's the worst financial advice you've gotten or heard?

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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Richard Prillerman my wife and I paid off all of our debt right out of college. This may not seem like bad advice, but this was in 2010 when we could have bought just about any real estate at all and it would have doubled in value. We saved anywhere from 3-7% interest, but missed out in massive appreciation and cash flow in the real estate market. 

  • John Warren
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