Money Guy Show The 5 Biggest Investing Mistakes
30 snips
Jan 2, 2026 Delaying your investment can cost you dearly; it's crucial to start early to harness the power of compounding. Make sure you have necessary protections like insurance and emergency funds before diving in. Avoid chasing hot trends—diversified index funds are a smarter option. Understand where to invest your assets; choosing the right accounts can save you money in taxes. Finally, don’t hesitate to seek professional help when your financial situation gets complex.
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Let Time Do The Heavy Lifting
- Start investing as early as possible to let compounding do the heavy lifting.
- Even $95/month at age 20 can grow to $1M by retirement, so begin today rather than defer.
Delay Multiplies Your Savings Burden
- Delaying investing massively increases how much you must contribute later to reach the same goal.
- For example, waiting from age 20 to 40 can make the savings target roughly ten times larger.
Cover Basics Before Investing
- Don’t invest before you secure basics like adequate insurance and an emergency fund.
- Follow a Financial Order of Operations so investing doesn’t rest on a fragile financial foundation.
