Comments on: Call Out Bad Money Advice

By: Janet

Janet — Mon, 17 Aug 2009 04:38:10 +0000

Thanks for pointing out this blog it’s amusing. I think picking on others is fine, but in limited measure. I’m not sure it fits in with your writing style, enjoyable as it is.

By: Dave C.

Dave C. — Sat, 15 Aug 2009 14:29:50 +0000

I also wonder if there is a correlation between the amount of money these people make by giving this advice, and the ridiculousness of their claims. People may be willing to give crappy advice if it generates a paycheck.

By: Uncle Dub

Uncle Dub — Fri, 14 Aug 2009 20:59:27 +0000

There can’t be enough voices of reason in the blogosphere. You will still be in the minority of those who ‘get it’

By: Frank Curmudgeon

Frank Curmudgeon — Fri, 14 Aug 2009 13:38:24 +0000

Thanks for the encouraging words. I try to be not merely critical, but at least mildly useful, explaining what’s wrong with some advice as well as giving what I think the right answer is.

But big picture, the quality of personal finance advice (particularly non-blog advice) is a serious national problem that isn’t going to get any better if we all just play nice.

By: Mark

Mark — Thu, 13 Aug 2009 18:26:49 +0000

Hi there tfb. I just want to say I enjoy your blog posts. They are thoughtful and helpful and i am glad that you are doing the blog.

By: Wai Yip Tung

Wai Yip Tung — Thu, 13 Aug 2009 17:08:20 +0000

The #1 bad advice comes into mind is “we are paying so much tax that we should look into buying a house and getting mortgage deduction to lower our tax.”

I think it is great idea to debunk myth and disinformation. But most bad advices come down as a matter of opinion and it is not as clear cut as something that should be debunked.

By: The Incidental Economist

The Incidental Economist — Thu, 13 Aug 2009 16:45:56 +0000

I’m not a fan of “correction blogging.” A lot of bloggers do it. I think they think it makes them look smart. But if they’re smart then they should be able to write something smart not just write how others are dumb.

A little correction blogging is OK (I do it). A lot is tiresome and a turn-off to me.

By: Chuck

Chuck — Thu, 13 Aug 2009 14:01:55 +0000

I think it would be a blast.