So, you’ve purchased an investment property. The renovations have been completed, the residents have signed a lease, and you’re ready to start earning some sweet, sweet passive income.

But what should investors be doing with that passive income, exactly?

While some financial wisdom is timeless, the world we live in today has experienced vast changes in its economic and financial landscape. And with changing times comes a need for better, newer financial advice.

Here are some pieces of financial wisdom you’re better off leaving in the past.