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Unconventional Wisdom: Challenging Some Personal Finance Adages

Unconventional Wisdom: Challenging Some Personal Finance Adages

Some personal finance sayings have been around so long, many people take them as absolutes without really thinking about what they mean and whether they apply universally. Undoubtedly, you’ve heard these nuggets: “Have six months of emergency savings in a liquid account.” “Put 20% down on your home purchase.” “Passive investing beats active investing.” “Cash ...

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