In your 30s, 40s, or 50s, life gets busy—and money decisions get complicated. Many professionals fall into the same midlife financial traps that quietly erode their future wealth. Lance Roberts & Jon Penn unpack seven common midlife money mistakes that can derail your long-term goals—from lifestyle creep and poor diversification to credit card debt and get-rich-quick schemes. Learn how to stay focused, protect your growing assets, and build financial independence while managing the real pressures of midlife.
0:19 - Taco Tuesday & Gov't. Shutdown Day-7
4:23 - Is the Rising Trend Line About to End?
10:53 -Mid-life Crises & Dealing w Debt
17:31 - Christina's Amazon Budget & Nutcracker Fetish
19:40 - Mission Creep & Budget Leakage
24:20 - The Danger of Using Credit Cards for Points
29:09 - Hard Money Lending & Usury
32:51 - Trade Your Way to Wealth & Other Get-rich-quick schemes
36:06 - Inflation's Effects on Purchasing Power
37:58 - Markets Can Make You Appear Smarter than You Are
39:06 - Get Debt Free
41:17 - Why You Should Never, Ever, Never, Ever Borrow from Your 401k
47:15 - The Truth About Bankruptcy
49:09 - Coming Attractions
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Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Jonathan Penn, CFP
Produced by Brent Clanton, Executive Producer
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Articles Mentioned in This Video:
"Bear Market Losses – A Dangerous Illusion"
https://realinvestmentadvice.com/resources/blog/bear-market-losses-a-dangerous-illusion/
"Promised Recession…So Where Is It?'
https://realinvestmentadvice.com/resources/blog/promised-recession-so-where-is-it/
"Bubble In AI: Echoes Of The Past, Lessons For The Present"
https://realinvestmentadvice.com/resources/blog/ai-bubble-echos-of-the-past-lessons-for-the-present/
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http://bit.ly/48oJ7cl
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Our Previous Show, "Bear Market Losses: The Dangerous Illusion Investors Fall For," is here:
https://youtube.com/live/Oo1Ny37IaEs?feature=share
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