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5 Finance Tips You Should Not Follow
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.