Some of that advice is terrible.
If anyone offers you the following financial advice, you have our permission to ignore it completely.
If youd stop buying expensive coffee, you wouldnt be so broke.
Sure, $5 here and there can drain your bank account quicker than you might realize.
Youd have about $200,000, which may be enough motivation to cut back on extra purchases a bit.
Go ahead, make your next cup a grande if you dont feel like making coffee at home.
Just go to grad school, you might need a higher degree.
This will all be solved by the time we graduate.
That was a great idea, except most of those people still have a bunch of student loan debt.
You should form an LLC to help with taxes.
But beware of this tip, because forming a limited liability company does nothing for your taxes!
Its often recommended for the newly self-employed who are nervous about doing everything wrong.
Owning a home is the only way youll ever build wealth.
Renting is a waste.
Putting your cash in investments counts as adulting just as much as taking out a mortgage does.
And for many, homeownership just doesnt make sense.
Just make the minimum student loan payment until it gets forgiven.
I dont have a lot of faith in the programs longevity, but I dont blame you for trying.
Weve got a list of things you’re free to do tocut down your repayment period.
