Top 20 Financial Mistakes

These are the top 20 financial mistakes people typically make:

1. No emergency fund
2. Not contributing to 401(k)
3. Not contributing to 401(k) to maximum amount of employer’s match
4. Timeshares
5. Office condos
6. Whole life insurance after age 30
7. No life insurance
8. No disability insurance
9. No wills
10. Not opening 529 for kids when they’re born
11. Not negotiating financial aid offer letter from college
12. Buying insurance to ‘hide’ assets to qualify for college financial aid
13. Co-signing kids’ college loans
14. Borrowing from 401(k) for kids’ college expenses
15. Buying a car every 3 years
16. Trying to keep up with the Joneses
17. Focusing on stock returns, not your goals
18. Using home equity to pay for depreciating assets
19. Buying too much house
20. Credit card debt

Have you made 1 or more of these mistakes?  Don’t feel bad, you’re not alone.  Would you like a complimentary consultation to discuss?  Click the “Schedule an Appointment” button at the top of the sidebar to the right!