Skip to site content
The Show

How to Get Out of Traps Laid by Bad Investments

Do you feel stuck with an individual stock you bought? Or maybe you bought into a front-loaded mutual fund a while ago, and now you’re not sure what to do with it. Perhaps you’ve got one of those variable annuities and it’s dragging your financial life down.

On the show today, we’re talking about financial follies and the traps we fall into from bad investments — and how to get out of them. We’re going to turn lemons into lemonade.

And don’t forget: the Money-Guy family is expanding! We’re your personal financial podcasters every other Friday, but every day we’re fee-only financial planners who work with clients in 29 states. If you want to join up with us, don’t hesitate to reach out to brian [at] or bo [at]

Let’s dive into the show today, and walk through some common money mistakes and traps.

You’ll Learn:

  • What the sunk cost fallacy is, and how it can trip you up in your financial life
  • Why individual stocks seem so sexy (but can lead you astray)
  • How to decide when to leave an individual stock behind
  • When it’s time to go pro and ask for help in developing a better financial plan
  • What loaded mutual funds are and how they affect your nest egg
  • How to mitigate high expenses derail your investment plan
  • How immediate, deferred, and variable annuities work
  • Why annuities sold within IRAs or 401(k)s are one of Brian’s biggest pet peeves
  • What your options are for getting out of whole life insurance policies
  • What (and who) to watch out for when you’re buying a new insurance policy

Resources from this Episode

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

Does It Ever Make Sense To Break the Money Guy Rules?

, ,

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.

maxresdefault 3 1

5 Financial Decisions That Changed Our Lives (And Can Change Yours, Too!)

Watch Now
maxresdefault 3

Is Retiring Early Really Worth It?

Watch Now
maxresdefault 1

Why Everything You Know About the Rich Is WRONG!

Watch Now