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bad advice youve been given

All the posts on here are usually extremely helpful, just wondered if any others were brought up on bad advice, myself, my late Dad would tell me he planned to go out of this world owing money, he would enjoy it and they wouldnt get it off him when he was dead. True, though he also ended up in an OAP flat surrounded by worthless clutter and a bottle of cider alone.
I didnt listen :)
Competition wins. 2 festival camping tickets worth 310, case of grants whisky 74. :beer: :p

Comments

  • shoeaddict
    shoeaddict Posts: 185 Forumite
    Interesting thread! I'm in my 20's and most of my friends - who, mostly earn more and owe more than me, and who are happy to live in their overdrafts - tell me that it's too early to start worrying about money and that I should enjoy myself now and tackle my debts later.

    When I point out I'd rather be in credit than in debt at 40, they don't seem to appreciate the sentiment!

    Guess who'll be having the last laugh...
    Official DFW Nerd Club - Member no. 550 :D
  • Skint_Catt
    Skint_Catt Posts: 11,548 Forumite
    Part of the Furniture Combo Breaker
    My other half tells me money is for spending not for saving - I don't listen. he's alright Jack whatever happens as he has an investment property.

    C xx
  • Shineyhappy
    Shineyhappy Posts: 1,933 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I think one of the most general pieces of advice people give when you talk about debt is:

    Why worry about it, you cant do anything about it and you might as well face it you are bound to be in debt for the rest of your life. After all isnt that what a mortgage is?

    Well personally, I dont want to owe anyone a penny and the second these debts are paid off I will be going after the top up mortgage and then the actual mortgage so hopefully I wont have to spend the rest of my life in debt.
    Debt Free - done
    Mortgage Free - done
    Building up the pension pot
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    I think most of the bad advice comes from friends. Spend now, pay later attitudes.

    Maybe I am over sensible sometimes but I'd rather that than be broke when I retire!
    No longer using this account for new posts from 2013
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