Mostly Money Podcast

Mistake #3: Blind-Eye Bias

Brokers, bankers, and insurance salespeople are not fiduciary advisors. They may be nice people that you see at church or the club, but their interests come before yours due to how they are paid.

Mistake #2: The Push for Returns

This mistake is closely tied to #1. Without context, you have a tendency to make “instant choices”, decisions that appear good today.

Mistake #1: Investing without Context

Many people deal with investing in the same way – like they are hungry and driving around aimlessly looking for a place to eat. When it comes to investing, it’s essential that you have the context of a financial plan.

5 Financial Mistakes to Avoid in Your Fifties

Your financial success and life are not linear. Investing goals, timeframes and circumstances can change over time.

Mistake #10: Investing On Autopilot

Your financial success and life are not linear. Investing goals, timeframes and circumstances can change over time.

Mistake #9: Trying to Out-Smart the Markets

Attempting to out-smart the markets is a common, yet dangerous, practice.