Skip to site content
The Show

Top 3 Money Traps to Avoid By Age!

Whether in person or online, the average American is bombarded with money traps and sales tactics every day. No age group is immune to manipulative sales traps, but the emotions and desires preyed upon do change according to your age and life circumstances.

A big part of our job as financial advisors is protecting people from making bad behavioral mistakes with their finances. Knowledge is power! In this episode, we’ll equip you with everything you need in order to spot common money traps and protect yourself from accidental financial mistakes.

In this episode you’ll learn:

  • How to spot the 3 most common sales tactics (and two honorable mentions)
  • What emotions and circumstances are preyed on in your 20s, 30s, 40s, 50s, and 60s
  • How multiple sales tactics are layered to make you buy
  • What situations to avoid if you’re too easily persuaded

Resources and research from this episode:

Enjoy the Show?

Categories

Tags

Where You Can Watch and Listen:

Subscribe on these platforms or wherever you listen to podcasts for new episodes every Friday, live streams every Tuesday at 10am CT, and new highlight clips throughout the week.

Related Content

Free Resources

How Much Should You Save?

How much of your income can you replace in retirement? You can replace different portions of your income in retirement…

View Resource

Are You a Prodigious Accumulator of Wealth?

Is your net worth on-track for retirement? A Prodigious Accumulator of Wealth (PAW) has twice or more than the expected…

View Resource

Net Worth by Age (Compared to Peers)

We did the math. How are you doing relative to your peers? Discover what your Net Worth should be by…

View Resource

Articles

Can This Annuity DESTROY Your Retirement?

, ,

Read More

The IRS Just Changed the Rules About 401(k)s (What You Need to Know)

, ,

Read More

Wealth Multiplier Revealed: The Magic of Compound Interest!

, ,

Read More

Financial FAQs

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Millionaire Mission (Brian’s Book)

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-math.png

Know Your Number Course

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-pencil.png

The Money Guy Net Worth Tool

Buy Now

Recent Episodes

It's like finding some change in the couch cushions.

Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.

FULL WhyAmericansAreBroke A

Why Americans Are Actually Broke! (2024 Edition)

Watch Now
maxresdefault 3

Is the Economy DOOMED? (And What to Do About It)

Watch Now
FULL AreYouOnTheMilllionaireTrack A

Are You On Track to Becoming a Multi-Millionaire? (Don’t Miss These Important Milestones!)

Watch Now