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Combatting Popular Excuses For Poor Financial Decision-Making
Manage episode 426816022 series 3575622
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Very often, we see people who know that the financial decisions that they’re making aren’t the best decisions, but they try to create excuses or explanations for why they’re doing what they’re doing. Let’s talk about why these excuses usually don’t hold water. Whether it’s procrastination, fear of market crashes, or misunderstanding Social Security, these common excuses can have long-term impacts on your financial health.
Here’s what we discuss in this episode:
0:00 – Intro
1:49 – Social Security at 62
5:34 – Taking too much risk
7:57 – Having too much in cash
10:17 – Financial planning disinterest
12:38 – Staying with the wrong broker or advisor
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