Money Ripples Podcast The Real Price of Bad Financial Decisions: Protect Your Wealth
Dec 18, 2024
21:25
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In this episode, I uncover the real financial cost of settling for "good enough" instead of the best. Whether it's insurance policies, investments, or financial advice, small decisions can cost you thousands or even hundreds of thousands over time.
I share real client stories to highlight the opportunity cost of poor decisions and why focusing on value over price is the key to building wealth, creating freedom, and leaving a legacy.
Key Takeaways:- Opportunity Cost is Real: Settling for “good enough” can cost you years of financial progress.
- Focus on Value, Not Price: The cheapest option can cost you the most in lost time and money.
- Time is Irreplaceable: Your time is more valuable than money, so use it wisely.
- Beware of Bad Advice: Always verify, compare, and work with people who have a proven track record of delivering the best value.