Inheriting financial advice from previous generations is almost unavoidable. Phrases like “cash is king”, “safe as houses” and “pay off your mortgage first” have shaped how many people in Ireland think about money for decades. Yet the financial world those rules were designed for — one of high interest rates, limited investment access and simpler retirement choices — no longer exists.
So does traditional financial wisdom make sense today? We’ve been speaking with the Sunday Times to find out.