77 common financial mistakes - 01 to 30
DESCRIPTION
It’s always good to have a little education. When it comes to money management, a little education could help you more than you imagine and eventually lead to a more financially productive life. Do you know the most common financial mistakes that might be making? Checkout 77 common financial mistakes and find out, how you can avoid them.TRANSCRIPT
77 common
financial mistakes01 to 30
FREEE WEALTH GUIDE BY
Solid Rock Wealth Management
It’s always good to have a little education. When it comes to money management, a little
education could help you more than you imagine and eventually lead to a more financially
productive life.
Owner of Solid Rock Wealth Management “Chris Nolt” who is a financial advisor and planner
have shared 77 most common financial mistakes that he has noticed over the time span of
26 years in wealth management.
In the next presentation, you’ll find out, how to avoid those common financial mistakes.
No plan
Using the
wrong financial
advisor
No budget/over spending/
overuse of debt
Making the
minimum monthly
payment on credit
cards.
Car purchases
Failure to start saving
early/delaying to save
Not taking advantage of
tax deductions.
Using the wrong accountant.
Being overly concerned about taxes
Not taking annual Required
Minimum Distributions (RMD) from
a Traditional IRA.
Investing too conservatively.
Relying solely on
Social Security for retirement.
Not maximizing
Social Security
benefits.
Purchasing life insurance
as an investment.
Wrong life insurance
ownership selection.
Purchasing insurance with
low deductibles.
Not purchasing an umbrella
insurance policy.
Not having an emergency fund.
Not considering tax-saving
strategies when selling highly
appreciated property.
Bad gifting strategies
Not planning for health
care costs.
Not planning for long-term
care costs.
Failure to diversify.
Failure to diversify effectively.
Diversifying through multiple
investment advisors.
Chasing past performance.
Investing money based on
“hot-tips” or advice
from friends,
family, and co-workers.
Allowing emotions to dictate your
investment decisions.
Using high-cost investments.
Trying to time the market’s
movements.
Stay connected with Solid Rock Wealth Management to find the remaining common
financial mistakes and how to avoid them.
Learn more about how you can effectively plan, grow and preserve your wealth with
financial advisor “Chris Nolt” at www.SolidRockWealth.com or call now at
406-582-1264
Does talking costs you anything?
