I like to set clear financial goals every new year, which involves both creating plans and avoiding pitfalls. So, I asked a few financial advisors if they have any money advice they tell clients to avoid. While there's a lot of financial advice out there, I wondered if there was anything that I should remember to avoid at the start of 2022. So, I asked four of the best financial advisors to share bad advice they often tell their clients to ignore. Keeping credit card balances in order to build your credit scoreWhether you're entering 2022 with credit card debt or not, financial advisor Andrew Lokenauth said that it's a bad idea to keep credit card balances with the idea you'll build a better credit score.

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Persons: —, Justin Nabity, Nabity, Scott Satov, Satov, you'll, Scott Hasting, Andrew Lokenauth Organizations: Service