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Financial Advice

Dumb Questions

There are No Dumb Financial Questions

The text criticises some prevalent financial advice today, deeming them as mindless responses to important questions. It highlights examples such as the encouragement of payday loans, purchasing of lottery tickets as retirement plans, the acceptance of high indebtedness, and the justification of excessive Management Expense Ratios (MER) for mutual funds. The author underlines the importance of questioning dubious financial guidance despite how simple or naive these financial queries may seem.

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