Harvard economist Laurence Kotlikoff shares money rules for a healthy financial life
The beginning of the year is always a good reason to set new goals that help us achieve a better version of ourselves. And to improve our lives in the area of personal finance, economist Laurence Kotlikoff shared on CNBC some rules that he has learned and teaches people to keep their portfolios strong and healthy .
Recommendations for a better economic life
1. Don't borrow to pay for college.
Kotlikoff recommends not doing it because it is risky and expensive, his suggestion is to seek scholarships and apply to less expensive institutions.
2. Own your home, don't rent and try to buy with cash
If they have the possibility to do so, the economist considers that it is better to have the money invested in the house because it is a way to protect themselves from federal and state tax...