Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

31
Posts
13
Votes
Richard Prillerman
  • Rental Property Investor
  • Southeast, USA
13
Votes |
31
Posts

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?

Most Popular Reply

User Stats

6,017
Posts
5,057
Votes
John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,057
Votes |
6,017
Posts
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
  • Loading replies...