David Adefeso tells fans if it’s a good idea to borrow money from a 401 (k)

David Adefeso Drop another financial advice. Check out his recent video here.

‘Should you immerse yourself in your retirement savings? Do I need to receive money from a long-term investment to meet my short-term cash needs? In this clip, you’ll learn about the potential penalties, taxes, and interest that can come with premature immersion in your retirement fund, “he writes.

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He went on to say:’Don’t forget !! A new episode of #WealthDemystified air will be streamed live every Sunday at 2:00 pm PT. This Sunday we are discussing how to raise money for your business. Click on my biography link to attend all finance lessons. Please feel free to send.Questions you may have to ask [email protected] Follow @ david.adefeso, “he wrote.

Someone said: “What retirement funds should freelancers and up-and-coming artists have?” And another follower posted this:’Great advice 👏👏. Too many people can now spend money and one day be financially safe because they need to invest in the future. Withdrawing money from a 401k is like eating today’s tomorrow’s meal. That way, I’ll be full today, but I’ll be hungry tomorrow. “

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Another commenter posted: Instead, I should have saved money separately to do the bathroom. Lessons learned. Fortunately, we have enough time left to replenish our 401k funds. “

Someone else said:’It’s great @ david.adefeso. I’ve done it once to build an emergency home for one of my parents in need. “

David has been giving financial advice to his fans and followers for quite some time.