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Afford Anything | Make Smart Money Choices

Avoid These 13 Hidden Money Mistakes That Most People Make, with Jill Schlesinger

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 8 September 2020

⏱️ 76 minutes

🧾️ Download transcript

Summary

#275: Even the nerdiest of money nerds are susceptible to making a dumb financial mistake. “Nope, not me! There’s no way I make any financial mistakes. I live and breathe this stuff.” You’re not capable of making any financial mistakes? Even 'hidden' mistakes, like having the wrong life insurance policy, not having an estate plan, or listening to the wrong ‘experts'? Exactly. Jill Schlesinger, author of The Dumb Things Smart People Do With Their Money, sets the record straight on 13 things you shouldn't do with your hard-earned cash. For more information, visit the show notes at https://affordanything.com/episode275 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:10.6

Every choice that you make is a trade-off against something else and that doesn't just

0:13.6

apply to your money.

0:14.8

That applies to your time, your energy, your focus, your attention, anything in your life

0:19.1

that is a scarce or limited resource.

0:21.4

Saying yes to one thing implicitly means saying no to other opportunities and that opens

0:26.2

up to questions.

0:27.4

First, what do you want most?

0:30.1

And second, how do you align your daily decisions to reflect that?

0:35.8

Answering those two questions is a lifetime practice and that is what this podcast is

0:39.4

here to explore.

0:40.6

My name is Paula Pat.

0:41.6

I am the host of the Afford Anything Podcast.

0:43.9

Today, Jill Schlesinger from CBS News joins us to talk about 13 money mistakes that very

0:51.6

smart people, well-informed people, commonly make.

0:55.9

Now, we're not talking about classic money mistakes like taking out a bunch of loans

1:00.1

or getting over your head in credit card debt.

1:02.3

Those are the money mistakes that we hear about in headline after headline after headline.

1:07.4

The cliche money mistakes that we are all aware of.

1:10.8

But Jill Schlesinger and I, in this interview, discuss hidden mistakes like having the wrong

1:16.4

life insurance policy or not having an estate plan or taking advice from the wrong people

1:22.2

listening to the wrong so-called experts.

...

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