77 Common Financial Mistakes - 01 to 30

Post on 24-Jul-2016

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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?