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183: How to Avoid Money Traps

183: How to Avoid Money Traps

FromBe Wealthy & Smart


183: How to Avoid Money Traps

FromBe Wealthy & Smart

ratings:
Length:
7 minutes
Released:
Sep 20, 2016
Format:
Podcast episode

Description

Learn why impulse buying of money traps is making you poorer. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod Are you buying depreciating assets like boats and RV’s then wondering why you don’t have any money? Boats need trailers, moorage, insurance, gas, repairs, covers, motors, ski equipment, etc. RV’s need gas, garage, insurance, repairs, car to tow, fees, washing, etc. The cost of the boat or RV is not it’s true cost! It goes way beyond that. You’ve increased your monthly expenses by more than you think. Those extra thousands could be going to work for you and producing more money. If you’re in your 50’s or 60’s, you need to pay special attention to this and get serious about saving and investing. You can build your wealth or buy these toys, but you can’t do both very well. Rent instead of buy. Use it and leave the cost and headache to someone else!    
Released:
Sep 20, 2016
Format:
Podcast episode

Titles in the series (100)

Money, personal finance and financial freedom - get your money to work harder for you so you don't have to work so hard. Linda made $2 million at age 39 and shares actionable knowledge to create wealth in the stock market, real estate, and business. Discover a wealth mentor who shows you a direct path to security, stability and financial freedom. This podcast has a balanced view of how to enjoy life, it is not about frugality. It won't show you how to save a few dollars, it will show you how to save tens of thousands of dollars. Short episodes get to the point without fluff and give you valuable advice you can put to work immediately. Learn the 6 Steps to Wealth by starting with creating a wealthy mindset. Listen to one podcast and you may find yourself binge-listening to the entire library of knowledge. Be sure to subscribe so you don't miss an episode.