Thirteen Dumb Mistakes Smart People Make with Their Money - with CBS News analyst Jill Schlesinger

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 11 March 2019

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

#182: Millions of smart, educated and successful people make dumb mistakes with their money ... and they don't realize it. I'm not talking about obvious dumb mistakes, like spending 85 percent of your income on a fleet of Ultra-Luxe-Fancymobiles for your 16-car garage. That's clearly a bad idea. Instead, I'm talking about hidden dumb mistakes that you may not realize until it's too late. Perhaps you don't have enough insurance, or you hold the wrong types of policies for your age and life situation. Maybe you don't have an estate plan, or you haven't updated your estate plan after your childbirth or divorce or remarriage. What if you're taking financial advice from the wrong people, or buying products that you don't understand? Are you rushing to buy a home too soon? Did you take out too much debt for college? Today's podcast guest, Emmy-nominated CBS News business analyst Jill Schlesinger, describes 13 dumb mistakes that smart people make with their money. For more information, visit the show notes at https://affordanything.com/episode182 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.
0:10.7	Every decision that you make is a trade-off against something else, and that doesn't
0:13.8	just apply to your money.
0:15.0	It applies to your time, your focus, your energy, your attention.
0:18.2	It applies to anything in your life that's a scarce or limited resource.
0:22.0	And so the questions become twofold.
0:23.6	Number one, what matters most to you?
0:25.7	And number two, how do you align your daily decisions to reflect that?
0:30.2	Answering these two questions is a lifetime practice.
0:32.6	And that is what this podcast is here to explore.
0:35.2	My name is Paula Pant and the host of the Affordable Care Foundation podcast.
0:38.3	And today, Jill Slesinger joins us on the podcast.
0:43.0	Jill was nominated for an Emmy Award for her work as a business analyst with CBS News.
0:49.6	She's a certified financial planner, a former Wall Street trader, a weekly guest on NPR's
0:55.3	show here and now, and a contributor to Money magazine.
1:00.0	She used to be the editor at large for CBS MoneyWatch.com.
1:04.4	Jill recently published a book about 13 dumb things that smart people do at their money.
1:10.2	So, what are these dumb moves?
1:13.1	Jill is here to talk about that right now.
1:15.4	Real quick, before we get into the interview, I also wanted to mention that we are giving
1:19.0	away a free copy of her new book.
1:22.3	To take part in this giveaway, go to Instagram, follow me at Paula Pant, PA-ULA, PA-NT.
	...

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