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The internet is full of advice.
Similarly, many finfluencers or onlinepersonal financeexperts offer advice, but not all of it is good.
In aYouTube video, he broke down who was dishing out bad advice.
Here are some things you shouldnt do.
However, he gave some advice that Sethi vehemently disagreed with.
Ramsey said its possible to withdraw 8% of your portfolio annually during retirement.
According to Sethi, the math doesnt add up.
Sethi explained that this is basic math.
According to him, its safe to withdraw 4% of your portfolio each year.
Financial gurus might tell you to stop buying coffee each morning or to give up avocado toast.
Sethi pointed out that one of these gurus is Shark Tank co-host Kevin OLeary.
OLeary has been vocal about cutting back on small expenses to save for the bigger picture.
You should invest in low-cost funds over long periods, set up automatic savings and enjoy your coffee.
This financial advice is very whimsical, and Sethi knew why.
As a finance YouTuber himself, Sethi has faced criticism.
He admitted that many users have commented about him getting rich from a book about how to get rich.
He said there are many easier ways to get rich than to write a book.
Sethi suggested having a healthy distrust of anyone who offers you financial advice.
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