The Worst Mistakes You Could Make With Your Money

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 15 June 2018

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

There is an old saying that goes something like, "Mistakes are the best teachers." And while this is undoubtedly true, perhaps we can all agree that learning from other people's mistakes when it comes to our finances is way better than making them ourselves.

In this week's episode of The Money Guy Show, we're doing just that! We are peeling back the curtain on the worst possible mistakes you could make with your money so that you can hopefully avoid making them in your own life. Heed the warnings of those who have stumbled before you so that your path to financial independence can be smoother sailing.

For more information, please visit our show notes on our website: https://www.moneyguy.com/2018/06/the-worst-mistakes-you-could-make-with-your-money/

Transcript

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0:00.0	Financial mistakes by age. Wouldn't it be nice if somebody had 30 plus years of experience
0:05.2	that could share with you all the pitfalls, all the traps to avoid? We got your resource
0:11.2	right here.
0:12.2	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:19.3	investing, taxes. You've got financial questions. He's got financial answers. It's Brian Preston,
0:26.1	the money guy.
0:27.7	Well, wisdom comes from experience.
0:30.7	Okay. I can't believe that.
0:32.2	I wrote that down and I got to say because human nature is we remember the negative stuff
0:38.5	a lot better when you remember the positive stuff is that usually that wisdom comes from
0:44.4	a lot of mistakes.
0:45.4	Yeah. It seems like the things I learned the most from or the things I've screwed up
0:48.4	in the past. I don't think I'm alone in that. I've learned a lot from your screw-ups
0:52.2	too though. I think if that's viable.
0:53.9	That's what we're going to move pretty quickly today because we've got, we're going to be
0:57.1	doing just as the title implied, financial mistakes by decade. So you're 20s, 30s, 40s,
1:01.9	and 50s and even 60s. That's a lot of ground to cover. We've got to crank. I'm going to try
1:07.4	to make sure that we still save enough time to share some of those life lessons and stories
1:13.0	because that's the stuff you guys are going to remember. Believe me, I remember it because
1:17.1	I live some of this as well as seeing what you guys out there who are clients or people
1:21.1	who, if you're part of the Money Got family and you've shared with me by writing emails,
1:26.3	we've learned a lot from all the things you've written us and shared with us.
	...

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