There are few subjects as intimidating as money. Almost everyone has an opinion about it, but how many know with any confidence or degree of certainty what to do about it?
It's not uncommon for individuals planning their finances to base their direction on myth, hearsay, what their parents did or advice provided by friends, neighbors, co-workers, internet forums or the media.
Does any of this advice that we seem to hear on a daily basis sound familiar to you? "Buying a home is the best investment you can ever make." How about this one: "Nothing is safer than money in the bank." Or this one: "Closing unused credit accounts will increase your credit score."