Money Mistakes You'll Regret and How to Avoid Them

The Income For Life Show

“Learn from the mistakes of others. You can’t live long enough to make them all yourself.” – Eleanor Roosevelt... Ever wish you could foresee financial missteps before they happen? In today’s episode, explore some real-life stories of regret and arm yourself with the essential dos and don'ts to ensure your money works for you, not against you.

We kick off this episode with some fun getting to know you questions. Then, we’ll share a great quote of the week by Jim Rohn. We also dive into a fantastic MarketWatch article about the current Social Security crisis.

For this week’s mailbag question, Jennifer from Scottsdale, Arizona asks if it’s a good idea to invest the leftover cash from a home sale and take on a new mortgage. For this week’s Retirement Ride Along segment, Matt and Sam talk about their six-day trip to Las Vegas.

Here’s some of what we discuss in this episode:

• Christmas shopping and a $13 coffee (9:45)
• Get-to-know-you questions: Gardening, weird places to sleep, hitting snooze (15:58)
• Quote of the week from Jim Rohn (23:20)
• MarketWatch Article: The Social Security crisis is a bipartisan outrage — and it’s way worse than Lehman Brothers (24:10)
• Money mistakes you’ll regret and how to avoid them (39:17)
• Mailbag: "We're planning to downsize within the next year. When interest rates were lower, we were thinking of getting a mortgage and investing the leftover cash from our current home. Is that strategy no longer recommended?" (50:58)
• Retirement Ride Along: Matt and Sam’s six-day trip to Vegas (56:51)

Want to contact us?

Call 888-228-8814 or visit us online at https://incomeforlife.org and check out Folds of Honor at https://foldsofhonor.org to support their mission.

Links From Today’s Show:

MarketWatch Article

https://www.marketwatch.com/story/the-social-security-crisis-is-a-bipartisan-outrage-and-its-way-worse-than-lehman-brothers-e18ee73e#:~:text=This%20is%20a%20massive%2C%20bipartisan,avoided%2C%20and%20should%20have%20been.

TAO Asian Bistro

https://taogroup.com/venues/tao-asian-bistro-las-vegas/

CUT by Wolfgang Puck

https://wolfgangpuck.com/restaurants/cut-las-vegas/

Delmonico Steakhouse

https://emerilsrestaurants.com/delmonico-steakhouse/

Prime Las Vegas

https://bellagio.mgmresorts.com/en/restaurants/prime-steakhouse.html

Adrenaline Mountain

https://www.adrenalinemountain.com/

The X Pot

https://thexpot.com/

Sphere

https://www.thespherevegas.com/