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I agree largely with what you say but advice point 2 is an obvious smell in today's working world. I'm taking that advice as "don't do anything that would prev

I agree largely with what you say but advice point 2 is an obvious smell in today's working world. I'm taking that advice as "don't do anything that would prevent you from moving tomorrow". That includes having a spouse that is employed, having family, having property, etc. Being mobile shouldn't be a requirement for the average person. If you are striving to be top in your field, then mobility might be a requirement.

aswanson 11y ago
That one is rough, agreed. A better interpretation might be,"don't get bogged down on an illiquid asset, i.e. a fixer-upper when your cash reserve is low, and would be difficult to generate rental income from". The point is to not let that be an anchor if you lose employment for an extended period of time. It's as much a defensive as offensive posture.