069. Avoid these money mishaps and win long-term
Description
The key to growing long-term wealth is to spend less than you make and invest the difference, but there are also some money mistakes you should avoid. Make sure you listen and avoid these money mishaps to win long-term.
Liz joins this week’s podcast as we talk about:
- Why whole life insurance is so bad
- The pros and cons of 401k loans
- Buying stuff you can’t afford and don’t need on credit cards
- Get rich quick schemes
- Trying to time the market
- The importance of tracking your expenses and net worth
- Lifestyle creep and why it matters
- Why emergency funds matter
Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/069-avoid-these-money-mishaps-and-win-long-term/
In case you missed it, Trump won the 2024 election. We’re talking about the impact of Trump in office on your finances and how to prepare yourself.
Greg joins this week’s podcast as we talk about:
- Trump winning the 2024 election and the impact we expect it to have on your finances
- The...
Published 11/18/24
Some people are so focused and disciplined on reaching a FI or FIRE goal that they don’t enjoy the present. Others are so focused on living for today that they don’t plan or save for the future. Which is better? We discuss the extremes of both and how to appreciate the need for both and strive...
Published 11/11/24