What common financial advice do you normally receive but often do you disagree with?

Buy more in bulk to save

Staying in the rat race for as long as possible, is a bad advice given.

Buy HDB flat and the value will keep going up.
Unfortunately, HDB lease is depreciating every day and the value will go to zero at year 99.

Property is a hedge against inflation. Or property is safe. Or rental income is one of the best passive incomes available.

Not saying property bad, but it's certainly not the most liquid nor potential for growth asset class anymore. And rent is variable income. You can go for months without a tenant, or have bad ones along the way.

In fact, something I've learnt only quite recently and has changed my perspective of retirement planning is that "Assets in old age, become liabilities, when you're old, you just want income."

You wouldn't want to receive a call from your tenant when you're 80 at 3am in the morning when a pipe in your investment property burst.

Or worry about a 20% market correction, or your blue chip companies going bust.

You just want a steady stream of income coming into your pocket every months without fail. You don't even need to save that money because next month, you'll get it again. That's retirement.