Skip to site content
The Show

The Worst Mistakes You Could Make With Your Money, Part 2

This week’s episode is the second installment of The Worst Mistakes You Could Make With Your Money. Last week, we addressed money mistakes to avoid in your 20s and 30s. This week, we share the money moves that are important to make in your 40s, 50s, and 60s.

As you advance in age, the weight of your financial decisions become heavier. But it’s that not necessarily a bad thing. In fact, knowing what can derail your financial progress can serve as excellent guideposts on your path to financial independence.

Therefore, tune in to this week’s episode of The Money Guy Show and find out what some of the worst mistakes you could make with your money in your 40s, 50s, and 60s.

Here’s what we cover in this show:

  • Why planning is most essential in your 40s
  • What you risk when you fail to properly plan in your 40s
  • The types of investments you should avoid
  • What a healthy lifestyle has to do with your wealth
  • Why you should start having money discussions now with your aging parents and your kids
  • How not prioritizing investing for retirement is going to negatively impact your wealth potential in your 40s
  • What you should avoid doing in your 50s to reach financial independence
  • Why debt should absolutely be avoided in your 50s
  • Don’t fall into this trap with your adult children
  • What you need to understand about risk capacity in your 60s
  • The types of gimmicks and products you have to evaluate very carefully as you get ready to transition into retirement
  • Why failing to enjoy your wealth may be your biggest regret in your 60s
  • And how not communicating your final wishes can wreak havoc on you and your loved ones
  • What you can share, beyond money, with future generations

Enjoy the Show?

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

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and…

View Resource

Wealth Multiplier By Age

How much to save every month to become a millionaire.

View Resource

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


Exclusive Sneak Peek of Millionaire Mission by Brian Preston

, ,

Read More

I Have a Lot of Money, but I Don’t Feel Wealthy!

, ,

Read More

What Should I Count Towards My 25% Investing Rate?

, ,

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.

Millionaire Mission (Brian’s Book)

Buy Now

Know Your Number Course

Buy Now

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