3min chapter

Maven Money Personal Finance Podcast cover image

275 - Megasode - The Greatest Hits

Maven Money Personal Finance Podcast

CHAPTER

The Number One Financial Mistake I See My Clients Make Not Understanding Pensions

Final salary pensions are gathering a lot of negative press. You need to understand the maximum amount that you're employable pay based on your contribution. And also, if you have a pension scheme at work, again, a big financial mistake I see is not understanding your pension scheme until it's too late. Not realizing that you can change your mortgage deal with your current lender. buying a brand new car for cash. ignoring opportunities for additional income and not understanding asset classes work for you. Number seven, not having a clear idea of your future self. Number five, not understanding equity's role and volatility. Number four, not paying for financial advice. Remember Pennywise, pound foolish. Number three

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