The Biggest Financial Mistakes to Avoid in 2025
Earn Your Leisure
EYL Network
4.8 • 7.8K Ratings
🗓️ 12 February 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
Welcome to Market Mondays! In this episode, hosts Ian Dunlap, Troy Millings, and Rashad Bilal dive deep into the most significant financial mistakes people should avoid in 2025. Whether you're experienced in investing or just starting, this video is packed with valuable insights you won't want to miss!
*Key Discussions:*
*0:00 - Biggest Financial Mistakes for 2025:*
Ian Dunlap kicks off the episode by emphasizing the importance of staying focused and not getting distracted by irrelevant conversations or social media debates. He shares a personal anecdote about someone who stopped making gains simply because they got distracted.
*1:09 - Eliminate Distractions:*
Ian continues discussing the importance of eliminating distractions from your life to stay financially productive. He urges listeners to consistently invest in their chosen asset class—whether it's crypto, equities, real estate, or business—for long-term gains.
*3:08 - Buying a Home:*
Rashad Bilal highlights the biggest mistake people can make: buying a home they can't afford or aren't prepared for. Referencing the advice from their episode with Kiana Watson on real estate, Rashad brings up Cash Doll's financial regret of buying an expensive mansion as a cautionary tale.
*4:36 - Learning from Experience:*
Troy Millings adds that it's crucial to learn from experiences and those who've made mistakes before you. He emphasizes that many people don’t openly share their pitfalls, making it all the more essential to pay attention to those who do.
*5:09 - Avoiding Bad Advice:*
Troy warns against letting others trick you out of your position, whether it’s in investing or any other aspect of life. He advises to stay committed and not let momentary distractions or misleading advice divert you from your goals.
*6:45 - Long-term Vision:*
Ian and Troy discuss the importance of staying committed for the long haul. Ian uses the recent example of the banking elite overtaking the retail crypto market to drive home the point: stay locked in and think long-term.
*Additional Resources:*
- *Things to Know Before Buying a Home ft. Kiana Watson:* [Watch here](#)
This episode shares essential tips for prospective homebuyers to prepare and avoid common pitfalls.
*Hosted by:*
- Ian Dunlap
- Troy Millings
- Rashad Bilal
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#MarketMondays #FinancialMistakes #Investing #RealEstate #Crypto #StockMarket #FinancialPlanning #IanDunlap #TroyMillings #RashadBilal
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By focusing on common pitfalls and providing insightful advice, this video aims to help viewers navigate their financial journeys more effectively. Whether you're looking to avoid mistakes in the real estate market or seeking ways to stay focused on your investment goals, this Market Mondays episode has you covered.
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Transcript
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| 0:00.0 | earners what's up look you know how every new year we set these big goals like saving more money |
| 0:05.8 | but somehow life just gets in the way i mean how many times have i told myself i'll stick to a budget |
| 0:12.2 | only to see random delivery fees and subscription services eating away on my wallet it's like the world |
| 0:18.3 | is designed to spend our money that's's why I love Acorns. It makes |
| 0:22.7 | saving and investing automatic so you can stick to your financial goals without even thinking |
| 0:28.2 | about it. This episode of Earn Your Leisure is sponsored by Acorns. You've probably heard me talk |
| 0:34.1 | about Acorns before and I'm excited to share more about how it can help |
| 0:37.9 | you too. Acorns makes it easy to start automatically saving and investing so your money |
| 0:43.1 | has a chance to grow for you, your kids, and your retirement. Here's the best part. You don't |
| 0:49.2 | need to be an expert. Acorns will recommend a diversified portfolio that fits you and your money goals. |
| 0:55.9 | You don't need to be rich. |
| 0:57.8 | Acorns lets you invest with the same spare money you've got right now. |
| 1:02.3 | You can start with $5 or even just your spare change. |
| 1:06.6 | You don't need a ton of time. |
| 1:09.3 | You can create your own Acorns account and start investing in just |
| 1:12.9 | five minutes. Basically, Acorns does the hard part so you can give your money a chance to grow. |
| 1:20.3 | For me, Acorns has been a game changer. I remember looking at my bank statements and realizing |
| 1:25.4 | I wasn't making any progress toward my long-term financial goals. |
| 1:29.6 | With Acorns, it was like flipping a switch. |
| 1:32.6 | Now, every little bit of spare change I spend is automatically invested. |
| 1:37.3 | Over time, those small steps have really added up. |
| 1:40.1 | And it feels good knowing I'm working toward a better future without stressing about it every day. |
... |
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