Round Table | Dumb Mistakes People Make with Money (And How to Avoid Them)
The Wealth Without Wall Street Podcast
Intro
This chapter explores frequent financial errors people make and emphasizes the need for financial literacy. It introduces the idea of infinite banking and discusses strategies for converting active income into passive income through lessons learned from guest experiences.
What’s the most regrettable money mistake you’ve ever made? Whether it’s a bad investment, a financial scam, or simply not having a plan, we’ve all had moments we wish we could undo. But what if you could learn from the costly mistakes of others before they happen to you?
In today's conversation, the financial coaches share their biggest financial blunders so you can avoid making the same ones. From bad investments and falling for scams to emotional decision-making and ignoring the investor mindset, they break down the habits that lead to financial loss and how to shift toward wealth building. Discover practical strategies for passive income, smart investing, and avoiding costly errors.
Top three things you will learn:
-Why chasing shortcuts leads to financial failure
-The #1 mindset shift for wealth-building
-How to fix financial setbacks
Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.
This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.
The hosts may have a financial interest in the programs or services mentioned in this episode.
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The Art of Passive Income Podcast:
-https://www.youtube.com/playlist?list=PLgqpzGRlkzzF9aYUSs96e5GQmL6hRzg6T
Turn Active Income Into Passive Income:
-https://wealthwithoutwallstreet.com/pios
Book Your Free Passive Income Game Plan Session:
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Wealth Without Wall Street New Book:
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IBC Webinar:
-https://wealthwithoutwallstreet.com/ibc
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Join the Wealth Without Wall Street Community:
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-https://wealthwithoutwallstreet.com/path
Join the Passive Income MasterMind:
-https://wealthwithoutwallstreet.com/wwws-passive-income-mastermind
Join Our Short-Term Rental (STR) Course:
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The Land Geek:
How to Buy Online Businesses for Profit:
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Create a Six-Figure Side Hustle in Peer-to-Peer Car-Sharing:
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Invest With Your Friends and Family:
-https://tribevest.com/partners/wwws
Know Your Investor DNA:
-https://wealthwithoutwallstreet.com/investordna
The Infinite Banking Concept Explained by a CFP:
-https://youtube.com/watch?v=sVuexMv6Kf4
Becoming Your Own Banker by Nelson Nash:
-https://infinitebanking.org/what-is-infinite-banking/becoming-your-own-banker/
Financial Literacy App for Kids:
Here is the List of "40 Books We Recommend" on our Amazon Store: https://amzn.to/49UyD1d
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