Why You Should Be Skeptical of Financial “Rules of Thumb”
Prairie Eco-Thrifter
MAY 1, 2013
While they can be helpful when it comes finding a starting point, rules of thumb should be approached with a degree of skepticism. Instead of just buying 10 times your annual salary for life insurance, sit down and figure out what your really needs are. Rules of thumb are often used to make various financial decisions.
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