Bad Money Advice: Quietly Destroying Good Financial Habits and Goals

• Many financially aware individuals are disappointed despite following common advice like SIPs and insurance.
• Thumb rules like 'Save 30% of income' or '100 minus age in equity' are comforting but often fail in real-life complexities.
• Unanchored financial targets (e.g., 'Rs 1 crore by 35') lack context, leading to over-saving stress or under-saving false confidence.
• Finfluencers promote short, confident advice, causing people to constantly rework portfolios and hinder long-term compounding.
• Over-optimization and ignoring personal life risks (income volatility, health issues) silently sabotage financial plans.

Why It Matters: Generic financial advice and social media trends often undermine personalized, consistent financial planning.