Your Money: The biggest mistake people make with money
For many folks who are preparing for their financial futures, the cardinal sins are well known: overspending and under conserving. For high net worth financiers who have currently achieved monetary security numerous times over, a different kind of error might be quietly taking root, and it may be costing more than money.
If you have actually done the work to build a strong monetary structure, do not let an outdated frame of mind hold you back.Because sometimes, the greatest monetary error isn’t investing too much– it’s not spending enough.
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The viewpoints voiced in this material are for general info only and are not intended to provide particular advice or recommendations for any individual.
Bruce Helmer and Peg Webb are financial advisors at Wealth Enhancement Group and co-hosts of “Your Money” on WCCO 830 AM on Sunday early mornings. Wealth Improvement Group and Wealth Enhancement Advisory Provider are separate entities from LPL Financial.
Bruce Helmer and Peg WebbFor many folks who are preparing for their financial futures, the primary sins are well understood: overspending and under saving.But for high net worth financiers who have actually currently attained financial security numerous times over, a various kind of error may be quietly taking root, and it might be costing more than cash. Gerontologists and financial advisers alike understand this to be true: by the time people feel “safe adequate” to spend, their energy, time or health may be in short supply.Why do so lots of people fall into this trap? If you have actually done the work to construct a strong financial structure, do not let an out-of-date frame of mind hold you back.Because sometimes, the most significant financial mistake isn’t investing too much– it’s not investing enough.
Related Articles
- Your Money: What octogenarians desire you to know
- Your Money: Your future is counting on you
- Trump administration poised to eliminate energy assistance program
- Your Money: Breaking barriers– a woman’s guide to constructing wealth
- Your Cash: List– spring clean your finances
The viewpoints voiced in this material are for general details only and are not meant to provide specific suggestions or recommendations for any individual.
Bruce Helmer and Peg Webb are financial consultants at Wealth Enhancement Group and co-hosts of “Your Money” on WCCO 830 AM on Sunday early mornings. Wealth Enhancement Group and Wealth Enhancement Advisory Services are different entities from LPL Financial.
