We are going to break down different ways to avoid making financial mistakes when it comes to major financial decisions. Examples of major financial decisions include items like buying a new car, moving, buying a new or second home, or taking out a college loan. Basically, this is any financial decision that goes above and beyond the normal daily, or even monthly, monetary decisions that we make. In order to be best prepared when it comes to large financial decisions, we have divided our process into three different areas: Emotional, Spiritual, and Factual.
Unfortunately, many of us have fallen prey to common financial mistakes, but it doesn’t have to be that way. There are so many that are easily avoidable if you know what to look for. This episode breaks down 21 of the most common financial mistakes that Bob has seen people make over and over again during his 30 years in the financial business.