65% of Americans Consider This Their Worst Money Mistake
Be Wealthy & Smart
Linda P. Jones
4.8 ā¢ 883 Ratings
šļø 5 February 2020
ā±ļø 13 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
Learn what the worst money mistake is and what to do about it.
Are you investing well for retirement...or not?
If you invest $10,000 per year for retirement, but earn only 2%, after 20 years you'll have $262,692 and after 30 years $431,908.
However, if you invested for growth and the stock market averaged 10% annually, your $10,000 per year would grow to $697,299 after 20 years and $1,983,928 after 30 years! A huge difference.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Be wealthy and smart, episode 677. |
| 0:02.8 | I'm gonna live no rich life. |
| 0:06.8 | Rich life. |
| 0:07.8 | All the best life. |
| 0:09.8 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.6 | yeah I'm full of faith I'm gonna live a good life I'm gonna live a good life |
| 0:21.1 | a beautiful and glorious like Step into a world of wealth of wealth and financial freedom without budgets, boredom or bosses on be Wealthy and Smart. |
| 0:34.0 | And now here's your host, Linda P. Jones. |
| 0:37.7 | Welcome to Be Wealthy and Smart. |
| 0:39.2 | I'm Linda P. Jones, America's Wealth Mentor, |
| 0:41.3 | empowering women and men worldwide to financial freedom. |
| 0:44.0 | On today's show, I'm going to share with you what 65% of Americans consider their worst money |
| 0:50.9 | mistake. And this comes to us from Investors Business Daily, |
| 0:55.0 | but there's more to it than just one mistake. |
| 0:58.0 | In fact, they did this survey |
| 1:00.0 | and they've got a couple of categories here that I want to share with you. |
| 1:04.4 | One chart showed the percentage of people who'd made a money mistake and then each category |
| 1:09.6 | of that mistake and then another chart showed the percentage of people who consider |
| 1:14.6 | these certain financial mistakes their worst money mistakes. So before I |
| 1:19.6 | share with you what that worst mistake is that 65% of Americans are making, here are |
| 1:27.1 | the percentage of people who've made a money mistake and what category that |
| 1:32.0 | mistake was in. |
... |
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