Common money advice like paying off a mortgage early or avoiding debt may not always be the best move. Broker Jeffrey Hensel suggests that investing in cash-generating opportunities can provide greater long-term security, as well as maintaining diversification in bank accounts for stability and protection.

Hensel warns against putting off estate planning, as probate litigation can be costly. He emphasizes the importance of having trust documents in place early to save time and money. Additionally, he advises against relying solely on refinancing as an exit strategy, as market changes can leave borrowers vulnerable.

Read more at Yahoo Finance: 4 ‘Common Sense’ Money Habits That Aren’t So Smart: What To Do Instead