In this episode of Building Wealthy Habits, Laura and Jeremiah tackle some of the worst money advice they’ve heard or received. From “live for today, not tomorrow” to “investing is too risky,” they debunk these common financial myths and share practical wisdom to help listeners build healthy financial habits.
Key Moments:
[0:00] Introduction to the topic of bad money advice
[1:15] Discussing the advice to “live for today, not tomorrow”
[3:45] Exploring the nuances of good vs. bad debt
[7:00] Examining the advice to “always buy the cheapest option”
[10:30] Highlighting the importance of having an emergency fund
[13:30] Addressing the misconception that “investing is too risky”
[16:45] Discussing the advice to “invest only in what you know”
[19:15] Challenging the idea that you can “save later”
[22:00] Defining financial independence beyond just being “rich”
[24:30] Conclusion and call to action
Laura and Jeremiah’s practical advice and personal anecdotes make this a must-listen for anyone seeking to build wealthy habits.
Reach out at [email protected]
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: [email protected]
This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. This material was developed and produced by Advisor Websites to provide information on a topic that may be of interest.