This post has been revised with new info and added to my Expense Reduction Guide: Housing.

Although it takes considerable effort, nearly 40 million Americans move every year. Now, the reasons for all these moves are not all financial, but you can improve your financial situation drastically by moving. You might increase your income, decrease your housing costs, or decrease your tax bill.

I’m not sure where I first heard it, but whenever I get the urge to “invest” in a lake place, or do something similarly extravagant, I always fall back on this saying:

“Own your investments and rent your fun.”

I’ve mused in the past about buying a vacation home, but the harsh reality is that such endeavors are rarely as wonderful as you’d expect.

MSN Money lists six stories of people telling the worst financial advice they ever received. Here are the stories with my thoughts on each:

"About 10 years ago an old accountant advised we cash in a substantial 401k plan to pay off credit card debt, instead of instituting a plan to pay it off over time and learn how to spend and save at the same time."

Here we go with the first round of Free Money Finance March Money Madness (to follow all the action click on my March Money Madness category link and scroll down to read all the posts involved in this subject.)

This is a post from staff writer Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks.