The Financial Independence Show

Bad Personal Finance Takes (Part 1)


Listen Later

The internet is a dangerous place.
It's full of amazing resources yet also some really bad advice.
This is especially true in the realm of personal finance.
TikTok has some of the most terrible and untrue statements about personal finance but Twitter (X) is always reliable right?
Wrong.
In this episode, we take you through some really terrible takes on personal finance and share our opinions.
We hope you have as much fun listening to this as we did recording.
The main tweets we cover include:
"You can't personal finance your way out of poverty"
"If you struggle to save anything, allow yourself the opportunity to go broke"
"401Ks are a scam"
"The best form of leverage is to be debt free"
"Most people who are successful are actually quite dumb. Most were lucky."
Making an argument that young people shouldn't save -> "Getting a taste of the good life (going out to nice dinners, nice vacations) will make you want to work harder for those things"
Defining a credit score -> "It's an I love debt score"
"If you're working on paying off debt, the only time you should see the inside of a restaurant is if you're working there."
"How people don't retire early: dividends, real estate, side hustles, Biz Insider BS"
If you enjoyed this episode, please share it with a friend!
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFIshow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
...more
View all episodesView all episodes
Download on the App Store

The Financial Independence ShowBy Cody Berman and Justin Taylor

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

289 ratings


More shows like The Financial Independence Show

View all
Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

Your Money, Your Wealth

752 Listeners

Financial Independence Podcast by The Mad Fientist

Financial Independence Podcast

1,650 Listeners

The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,955 Listeners

Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,519 Listeners

Marriage Kids and Money: Personal Finance for Families by Andy Hill

Marriage Kids and Money: Personal Finance for Families

592 Listeners

ChooseFI by ChooseFI

ChooseFI

5,073 Listeners

Millionaires Unveiled by Jace Mattinson, CPA

Millionaires Unveiled

898 Listeners

The Financial Samurai Podcast by Sam Dogen: Financial Samurai founder, personal finance blogger

The Financial Samurai Podcast

550 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,071 Listeners

Earn & Invest by Jordan Grumet (Doc G)

Earn & Invest

431 Listeners

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance) by Ari Taublieb, CFP®, MBA

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

34 Listeners

Two Sides of FI by Jason and Eric

Two Sides of FI

340 Listeners

All the Hacks with Chris Hutchins by Chris Hutchins

All the Hacks with Chris Hutchins

1,423 Listeners

Mile High FI Podcast by Carl Jensen & Doug Cunnington

Mile High FI Podcast

185 Listeners

Catching Up to FI by Bill Yount & Jackie Cummings Koski

Catching Up to FI

302 Listeners