Everybody wants to earn as much money as possible with minimum effort. However, the reality is that people must work hard and take risks if they want to fill their bank accounts. Unfortunately, sometimes they take the wrong steps because they’ve received the worst money advice.
In this article, we’ll look at some of the worst money advice received by real people. Some of these are because of the generation gap while others are just pure stupidity. Check out the list via Reddit.
26. Just Get Another Credit Card
Credit cards can be very useful but they’re also very dangerous. One Reddit user revealed how his friend had a magical solution after maxing out their cards. Prannke said that his friend advised him to “just get another credit card.” This is some of the worst money advice ever.
In fairness, the Reddit user acknowledged this. It’s a terrible idea because the debt will continue to increase. In the end, they will be bankrupt. There’s even a possibility that they could lose their car or other major assets. This is a rabbit hole that no one should go down.