George Takei posted an interesting point about folks who ask for advice over and over, and then never take the advice (and seem to do the opposite of the advice), and the turn of phrase coined was #Askholes (a bit politically incorrect, but I am anything if I am not edgy).
I sometimes wonder whether some folks who seem to ask the same questions to me are Financial #Askholes ?
I enjoy discussing with folks about money, and maybe giving them some ideas that they can go investigate further, but there does seem to be some folks who simply do not take even the most elementary advice like:
- Why are you investing in hedge funds or risky stocks, when you still have debt? Why don’t you just pay down debt? Debt pay down has a guaranteed pay back, your hedge fund doesn’t.
- Planning for retirement is fine, but if you retire with debt, it won’t matter how much you save, you are eroding those savings with debt now.
- Pay down debt, seriously, I am not kidding, but I get told I am being far too simple.
Are there other financial #askhole questions that you have been asked that were completely ignored (or worse the converse was done), by the #askhole involved?