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Ever hear phrases like “common knowledge” or “conventional wisdom”?
Usually, the rationale information is widespread and knowledge is standard is as a result of it’s true, or a minimum of is sensible. In any other case, it presumably wouldn’t get handed round for years.
However right here’s the factor: Typically, standard knowledge is silly and customary information is improper.
Right here’s one of many examples: Ever hear somebody say, “After you retire, your expenses will be much lower”?
Whereas it’s attainable that shall be true, it’s additionally attainable it will likely be laughingly false. Relying on what you intend to do throughout your retirement years, you would simply be spending much more than you probably did whereas working. That’s why it is advisable take into consideration the way you’re more likely to spend your golden years, then plan out the place the gold will come from.
And that’s simply the tip of the iceberg with regards to questionable, irrelevant, outdated or simply plain unhealthy cash recommendation.
That’s what this week’s “Money!” podcast is about. We’re going to record unhealthy bits of recommendation, clarify why they’re off the mark, and substitute them with new standard knowledge that’s truly clever and customary information that’s truly educated.
As normal, my co-host shall be monetary journalist Miranda Marquit. Listening in and typically contributing is producer and novice investor Aaron Freeman.
Sit again, calm down and hearken to this week’s “Money!” podcast:
- Pay attention on Apple Podcasts
- Pay attention on Google Podcasts
- Pay attention on Spotify
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You can hearken to our newest podcasts right here or obtain them to your cellphone from any quantity of locations, together with Apple, Spotify, RadioPublic, Stitcher and RSS.
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Present notes
Need extra info? Try these sources:
- 13 Dumb Investing Strikes — and The right way to Keep away from Them
- 11 Dumb Cash Errors That Are Holding You Again
- My 10 Dumbest Cash Strikes — and How You Can Keep away from Them
- Cease Making These 10 Dumb Cash Strikes
- 7 Essential Cash Errors You Should Keep away from
- Penny Hoarder: 6 Pieces of Dumb Financial Advice That Most People Believe
- Entrepreneur: (*25*)
- NewRetirement: The 22 Most Foolish Financial Decisions Ever Made
- Stacking Benjamins: The 23 Worst Pieces of Financial Advice We’ve Ever Heard
- Enterprise Insider: 7 stupid things people do with their money that feel smart at the time
- Subscribe to the Cash Talks Information publication
- Take our course The Only Retirement Guide You’ll Ever Need
- Take our course Cash Made Easy
- Miranda Marquit’s website
