Aug 3, 2023
Picture this: You're at your retirement party, finally ready to enjoy your golden years, but worries caused by some bad money habits have robbed you of fully enjoying the sweetness of the day. It happens to more people than you think, which is unfortunate because, with just a little bit of modification, you can rid some of the worst money habits from your life and set yourself up for retirement success.
In this episode, we’ll cover some of these bad money habits that could have a significant impact on your financial future. Join us as we talk about the negative consequences of investing emotionally, not saving for long-term care needs, avoiding professional advice, and more. Don't let bad money habits ruin your retirement party. Tune in to this episode and develop healthy financial habits that pave the way for a secure future!
Here are some highlights from this episode:
- Don't let FOMO (Fear of Missing Out) drive your investment decisions. Understand that markets have ups and downs, and proper risk management is essential.
- Be prepared for potential long-term care needs: Don't assume that nursing home care is something that will only affect others. Be aware of the costs and plan accordingly to avoid burdening your family.
- Avoid making investment decisions based on emotions or short-term market movements and instead focus on long-term strategies.
- Live within your means to avoid accumulating unnecessary debt. Budget effectively and be mindful of miscellaneous expenses, such as dining out, to maintain financial stability.
- Don't shy away from seeking professional advice to help with financial planning, risk management, and achieving your retirement goals. Early planning and expert guidance can be invaluable!
Contact:
Website: http://bradshawfp.com
Email: office@bradshawfp.com
Call: 704-216-2260