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Debunking 5 Common Myths About Managing Your Finances, Episode #26
Manage episode 297848137 series 2773629
Inhoud geleverd door Trent DeBruin and Andrew Musbach. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Trent DeBruin and Andrew Musbach of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
When it comes to personal finance, there’s no shortage of advice and opinions out there. Along with that, there also are a lot of myths and misinformation about managing your finances. In this episode, we tackle five of the most common myths we come across, including: 1) I need to change my investments based on XYZ headline, 2) Once I have $XYZ portfolio value, I’ll be content, 3) A tax refund = good tax planning, 4) Whole life insurance helps cover your insurance needs while allowing you to efficiently save/invest at the same time, and 5) Just save 20% of your income toward retirement and you’ll be fine. We explain why each myth exists, why it’s misguided, and provide an alternate way to think about each underlying topic.
Resources & People Mentioned- Download our guide: The Toolkit for Optimizing Your Finances as an Employed Physician
- Download our guide: The Financial Checkup
- https://mdwmllc.com
- Follow on LinkedIn
- Follow on Facebook
Subscribe to The Physician’s Guide To Financial Wellness on Apple Podcast, Spotify, and Google Podcast
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