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Lets look at six bad pieces ofmoney advice that Orman has bluntly struck down.
Not all financial advisors are fiduciary financial advisors.
This should be a super easy request anyone will quickly say yes to.
Her philosophy is that college is valuable, but needs to be obtained affordably.
But a wise investment can quickly become a draining and risky one if you cant comfortably afford it.
In the aforementioned article on Oprah.com, Orman highlighted that homeownership may not be in your best financial interest.
This would be justifiable if you were getting agreat investment deal.
But you really arent when you consider all the embedded fees.
Sticking to bonds only and avoiding stocks is bad advice that you shouldnt follow, in Ormans opinion.
If youre getting pumped about your tax refund, unfortunately, youve already followed bad advice.
Orman is aligned withmost financial expertshere.
Getting a tax refund is proof that youve mismanaged your income in the year prior.
You did so by having too much of your pay withheld for taxes.
And what happened to that pay?
It was kept by the government interest free and is now being returned to you, also interest free.
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