Financial IQ: 5 Financial Tips You Should Ignore

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Financial IQ Philippines Quick Hit(s):

Nice article.  Always remember to perform our due diligence when investing or taking out loans.


Have you heard the one about houses being a sure-fire investment? Or the tip that you should close all your credit card accounts? Bad financial advice can circle the web faster than the latest e-mail scam from Nigeria, and some of it originates from personal finance gurus themselves (although their words are often twisted). Here are five popular financial tips you should ignore:


1. A house is always a good investment. 
2. Avoid credit cards. 
3. All student loan debt is good debt.
4. Never take out a 401(k) loan.
5. Use home equity loans to pay off credit card debt.

http://finance.yahoo.com/family-home/article/112289/5-financial-tips-you-should-ignore;_ylt=AkzxFBmuGhyqIGb6cLjHufcyo9IF;_ylu=X3oDMTE1aWc4MnI4BHBvcwMyBHNlYwNmaF9zZWN0aW9uBHNsawM1Y29tbW9ubW9uZXk-?mod=series-e-article

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