Consumer Ledger | Personal Finance Podcast

Consumer Ledger | Personal Finance Podcast


The Worst Financial Advice I Ever Got – Fleischman Edition

September 09, 2015

There's a whole bunch of financial advice out there - online as well as offline. And it's up to you to take it all in, process it, and make sure it works.After all, blindly taking advice can be worse for you than taking no advice at all.In today's episode Jay unwinds the worst financial advice he ever received - that you should always buy, "more house than you need."It's bad advice because it translates to, "buy more house than you can afford." And when you're talking about spending more than you can reasonably afford, bad things frequently happen.Is it always a bad idea, or just sometimes? Find out when you listen in.Don't see the audio player? Click here to download the episode to your device.