Avoid These Financial Blunders in 2025 with Smart Money Moves (SB1629)

Jan 10, 2025

Guest

paula pant

Guest

Nick Maggiulli

Guest

Jordan Grummet

Join Paula Pant, host of Afford Anything, Nick Magiulli, author behind Of Dollars and Data, and Jordan Grummet from Earn & Invest as they dissect financial pitfalls to avoid in 2025. They share insights on the dangers of chasing FOMO in investments and the value of establishing an investment policy statement. The trio emphasizes making gradual changes instead of impulsive decisions, discusses the importance of aligning spending with personal values, and reveals strategies to stay focused during uncertain political climates—all to steer your finances in the right direction!

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

Authentic New York

Joe encountered a man urinating on the New York City subway.
He considered this an authentic New York City experience.

ADVICE

Avoid FOMO

Avoid veering off course due to FOMO, especially by chasing trendy investments.
Stick to your investment plan and allocate a small percentage for fun money.

ADVICE

Satisfy FOMO

Allocate a small portion of your portfolio (e.g., 5%) for speculative investments to satisfy FOMO.
If these investments perform well, trim them back to the original percentage.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Feeling a little queasy about your financial plans for 2025? Fear not! Today, Joe steps out of the cozy basement and straight into the bustling chaos of Manhattan to bring you top-tier advice from some of the brightest financial minds. Joined by Paula Pant from Afford Anything, Nick Magiulli, author of the Of Dollars and Data blog, and Doc G from the Earn & Invest Podcast, this powerhouse panel digs into the money missteps you’ll want to dodge in the year ahead.

From tackling FOMO in investments to learning why small, consistent changes are your financial BFFs, this episode is packed with practical tips to help you make 2025 a year of smart money moves (and fewer facepalms).

What’s Inside:

Meet our stellar guests and hear how New York City inspired their financial insights.
Discover why chasing the next big investment trend could leave you behind.
Learn how an investment policy statement can keep your goals on track.
Avoid analysis paralysis when market uncertainty strikes.
Uncover strategies to navigate political uncertainty without losing sleep (or cash).
Dive into real estate trends, historical data, and staying focused on what you can control.
Understand the power of spending on what truly matters to you.
Find out why gradual changes beat impulsive overhauls every time.
Learn how doubling down on bad decisions is like hitting a pothole and accelerating instead of swerving.

Episode Highlights:

Meet the Guests: Get to know Paula Pant, Nick Magiulli, and Doc G as they join Joe in the Big Apple for some big-time financial lessons.
NYC Moments: Joe shares a peek into his adventures in Manhattan—yes, it’s a jungle out there.
Investment FOMO: Why chasing trends could cost you (and how to avoid it).
Building an Investment Policy Statement: Your GPS for financial decision-making.
Analysis Paralysis: How to keep market fears from freezing your progress.
Navigating Political Uncertainty: Keep your portfolio calm, even when headlines aren’t.
Spending Smarter: Align your money with what you value most.
Gradual Wins: Why slow and steady wins the financial race every time.
Bad Decisions: How to recognize when you’re doubling down and when to hit the brakes.

🎧 Ready to make 2025 your best financial year yet? Tune in now to stack smarter, avoid the pitfalls, and get inspired to crush your goals!

FULL SHOW NOTES: https://stackingbenjamins.com/stacker-money-mistakes-nyc-1629

Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201

Enjoy!

Learn more about your ad choices. Visit podcastchoices.com/adchoices