Critique the suggestion of borrowing money against a condo's equity to finance a car purchase and home renovations for a 60-year-old self-employed person who wants to retire. Condemn the financial institutions' business model of taking advantage of people who may not be financially literate. Encourage self-education to save and invest for retirement.
"She could borrow against the equity in her condo to finance the car purchase and home renovations." -another advisor waiting to rob the people , who would suggest to a 60 year old to borrow against the only equity item she has if she wants to retire , AND is SELF EMPLOYED, financial institutions business model is to rob the stupid and rob them again when they come back .....once shy , twice stupid....educate yourselves, its not that hard to learn earn a dollar and spend 60 cents of that dollar, invest the 40 cents.