The changing economy and the changing financial systems may be making some of that advice outdated and downright wrong. Here is some outdated financial advice to rethink.
Well, that largely depends on your situation. If you’re buying a home, you need to put a lot down. Real estate agent fees, taxes, advisory fees, and more.
For the US real estate market they tested for home renovation projects and they found that zero home renovations had a positive return on investment.
I agree that not all debt is created equal, but generally, student loan debts are still a burden.
While it can be great to rent an apartment and pay off your student loans first, it should be possible to buy a house while having student loans.
Think about your risk appetite and the general market returns (7%) versus your mortgage interest rate. Don’t blindly pay off your mortgage early.