“Everybody needs a budget!”, “build up an emergency fund of 3 to 6 months of expenses”, “renting is better than buying a house” – these are just some of the opinions and advice you can read on personal finance blogs. But is the (finance) world all black and white, or are there shades of grey, exceptions to the rules or cases where it depends?
The blog article that received the most interest last month here on FIREhub tries to debunk ten myths around personal finance. From credit cards to investing and debt – Mr. The Poor Swiss takes a closer look in his article 10 Personal Finance Myths You Should Ignore.
If you want to read more about Mr. The Poor Swiss’ backstory and his journey to FIRE, we interviewed him a few months ago: Bloggers on FIRE – The Poor Swiss.