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77 Common Financial Mistakes

It’s always good to have a little education. When it comes to money management, a little education could help you more than you imagine and eventually lead to a more financially productive life.<br>Do you know the most common financial mistakes that might be making? Checkout 77 common financial mistakes and find out, how you can avoid them.

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77 Common Financial Mistakes

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  1. 77 common financial mistakes01 to 30 FREEE WEALTH GUIDE BY Solid Rock Wealth Management

  2. It’s always good to have a little education. When it comes to money management, a little education could help you more than you image and will eventually lead to a more financially productive life. Owner of Solid Rock Wealth Management “Chris Nolt” who is a financial advisor and planner have shared 77 most common financial mistakes that he has noticed over the time span of 26 years in wealth management. In the next presentation, you’ll find out, how to avoid those common financial mistakes.

  3. No plan

  4. Using the wrong financial advisor

  5. No budget/over spending/ overuse of debt

  6. Making the minimum monthly payment on credit cards.

  7. Car purchases

  8. Failure to start saving early/delaying to save

  9. Not taking advantage of tax deductions.

  10. Using the wrong accountant.

  11. Being overly concerned about taxes

  12. Not taking annual Required Minimum Distributions (RMD) from a Traditional IRA.

  13. Investing too conservatively.

  14. Relying solely on Social Security for retirement.

  15. Not maximizing Social Security benefits.

  16. Purchasing life insurance as an investment.

  17. Wrong life insurance ownership selection.

  18. Purchasing insurance with low deductibles.

  19. Not purchasing an umbrella insurance policy.

  20. Not having an emergency fund.

  21. Not considering tax-saving strategies when selling highly appreciated property.

  22. Bad gifting strategies

  23. Not planning for health care costs.

  24. Not planning for long-term care costs.

  25. Failure to diversify.

  26. Failure to diversify effectively.

  27. Diversifying through multiple investment advisors.

  28. Chasing past performance.

  29. Investing money based on “hot-tips” or advice from friends, family, and co-workers.

  30. Allowing emotions to dictate your investment decisions.

  31. Using high-cost investments.

  32. Trying to time the market’s movements.

  33. Stay connected with Solid Rock Wealth Management to find the remaining common financial mistakes and how to avoid them. Learn more about how you can effectively plan, grow and preserve your wealth with financial advisor “Chris Nolt” at www.SolidRockWealth.com or call now at 406-582-1264 Does talking costs you anything?

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