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Financial Mistakes You Hope Your Friends Will Make

January 29, 2016

Financial Mistake

It’s always nice to enjoy your hard-earned money — but not so much that you sabotage your future financial goals.

On this episode, we’re talking about ways to enjoy all the benefits of vacation homes, specialty vehicles, and other luxury, lifestyle purchases without allowing these potential landmines to derail your long-term financial plans.

Before jumping right into things, we want to take a moment to remind you that we’re fee-only financial advisors who would love to help you on your path toward financial success. We thoroughly enjoy having our listeners become clients, so if you like our common sense approach to all things finance and want to learn more, please feel free to contact us: brian [at] money-guy.com or bo [at] money-guy.com.

In This Episode, You’ll Learn:

  • Why you shouldn’t “check the boxes” that society says you should
  • The reality of buying a vacation home
  • Why the majority of wealthy people don’t own second homes
  • How to save money by renting an RV instead of buying
  • Why boat clubs are a great option for boating enthusiasts
  • The strategy to enjoy timeshares without getting stuck with a depreciating asset
  • How to balance creating memories while maintaining your long-term financial plans
  • Why you should delay gratification

Resources:

Tune In and Go Beyond Common Sense With the Money-Guys

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If you ever have any concerns or questions, you can always email brian [at] money-guy.com or bo [at] money-guy.com. Don’t forget to follow us on Facebook or connect on Twitter @MoneyGuyPodcast.

PS: Did you enjoy our tips on how to avoid financial landmines? Then join our community, where you’ll get access to 15 of our most recent shows! As a bonus, you’ll also get our podcasts delivered straight to your inbox so you can listen to them at your convenience.

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