In this episode of Building Wealthy Habits, Laura and Jeremiah tackle some of the worst money advice they've heard or received. From "live for today, not tomorrow" to "investing is too risky," they debunk these common financial myths and share practical wisdom to help listeners build healthy financial habits.
Key Moments:
[0:00] Introduction to the topic of bad money advice
[1:15] Discussing the advice to "live for today, not tomorrow"
[3:45] Exploring the nuances of good vs. bad debt
[7:00] Examining the advice to "always buy the cheapest option"
[10:30] Highlighting the importance of having an emergency fund
[13:30] Addressing the misconception that "investing is too risky"
[16:45] Discussing the advice to "invest only in what you know"
[19:15] Challenging the idea that you can "save later"
[22:00] Defining financial independence beyond just being "rich"
[24:30] Conclusion and call to action
Laura and Jeremiah's practical advice and personal anecdotes make this a must-listen for anyone seeking to build wealthy habits.
Reach out at contact@tricordadvisors.com
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: Laura@tricordadv.com
