By the time you’ve reached your 40s, you’re probably earning more, saving more, traveling more, and feeling more comfortable — but, be careful. You still face the potential to have your cost of living creep up to a level that could cause problems. http://bit.ly/2GxRrYm
Here are six common money traps to avoid in your 40s so you can set yourself up for financial freedom in retirement.
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Have you ever fallen into any of these money traps? Leave your comment below. And if you want to learn how to invest like the best investors in the world so you can set yourself up for retirement, take my FREE transformational investing webinar here >> http://bit.ly/2GxRrYm
No matter how old you are:
1. Health
2. Money
Phil is a genuine, real dude who speaks truth.
great video …im approaching 40..would a 80% stocks 20% percent bonds be a good strategy for decent returns..thanks
As a 20 yr old dude i truly appreciate all of the comments saying don’t get married and don’t have kids. i’ve had that mindset since 18
i’ll continue to save and save and invest when i can
Mr Town what do you think about buying shares offered by my company which obviously will be deducted from my salary. Is it a good investment?
College and university is a waste of time in future. Belongs to baby boom world when they needed same workers in the factories and you got promoted just for staying "long enough"
Phil, you are simply wonderful.
These money traps are also in India by the age of 40.
My wife cheated on me
And i feel embarrassed
Dont get marriad
#1 Don't have kids. #2 Don't get married. The rest is easy.
Comparative religion “ LMAO that’s a thing ??? Unreal these majors!! uN f&@&N real people spend money on useless degrees
Hi Phil. Just read your rule 1 book in audio format. In chapter 7 you talked about some trading tools but it was hard to learn from it without any visuals. Do you think these tools are still relevant in this day and age due to the number of full-time traders out there. Thanks
Bonjour from Belgium. Love your videos and tips.
I'm single in my 40's. Life is good. ?
Great companies like GE? LOL
Basically dont have kids or get married and if your married or have kids your screwd. Live alone hoard money, and give all your money to someone like you. Thanks but not thanks.
It's easy watch what you are spending, save what you can, and do your homework on what you are investing in.
Can’t overstate the importance of taking care of your health
Many comments are about staying away from women. Well, I could say the same about men, right ladies? Not every woman wants to eat your money. I am about being self-sufficient no matter what gender you are. Invest in your own well-being, get an education, work hard and relay only on yourself. It may happen that you find a compatible partner for you so no one will be afraid that he/she is around only to take advantage of the revenues. Perhaps you can even travel together and set the same goals for future. So don't be that bitter in your comments because your past was not that pretty. Have an open mind!
I have a defined benefit plan, I also max out my 401k each year as well. It hurts sometimes, but pay yourself first.
Just living below your means and keeping wants/needs balance is important also.
Buying fast food and pizza are my moneytraps. Sometimes cars and amazon too
Contrary to what a lot of people are saying here, a wIfe actually boosts income 25%