Ep 66: Overrated Concepts in the Financial World

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Many things in the financial world are critical to your future financial success. But not everything is all it’s cracked up to be.

For example, saving money on taxes is wonderful. You don’t want to pay Uncle Sam any more than you have to. But that shouldn’t be the primary advantage of an investment. From rates of return to emotions, we’ll explain the overrated concepts you need to know.

Today’s Rundown:

  • Why tax advantages are overrated and you need to consider whether spending money is even necessary. (0:57)
  • Nobody is denying the power of compound interest over time. But placing too much emphasis on rate of return can be dangerous. (4:12)
  • Why commission-based investment accounts are overrated. (6:26)

Thanks for listening! We’ll be back for another show every other Thursday.

 

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