77 Common Financial Mistakes

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77 common financial mistakes01 to 30

• FREEE WEALTH GUIDE BY
• Solid Rock Wealth Management

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Its always good to have a little education. When
it comes to money management, a little education
could help you more than you image and will
eventually lead to a more financially productive
life. Owner of Solid Rock Wealth Management
Chris Nolt who is a financial advisor and
planner have shared 77 most common financial
mistakes that he has noticed over the time span
of 26 years in wealth management. In the next
presentation, youll find out, how to avoid those
common financial mistakes.
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No plan
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Using the wrong financial advisor
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No budget/over spending/ overuse of debt
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Making the minimum monthly payment on credit
cards.
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Car purchases
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Failure to start saving early/delaying to save
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Not taking advantage of tax deductions.
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Using the wrong accountant.
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Being overly concerned about taxes
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Not taking annual Required Minimum Distributions
(RMD) from a Traditional IRA.
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Investing too conservatively.
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Relying solely on Social Security for retirement.
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Not maximizing Social Security benefits.
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Purchasing life insurance as an investment.
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Wrong life insurance ownership selection.
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Purchasing insurance with low deductibles.
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Not purchasing an umbrella insurance policy.
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Not having an emergency fund.
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Not considering tax-saving strategies when
selling highly appreciated property.
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Bad gifting strategies
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Not planning for health care costs.
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Not planning for long-term care costs.
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Failure to diversify.
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Failure to diversify effectively.
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Diversifying through multiple investment
advisors.
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Chasing past performance.
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Investing money based on hot-tips or advice
from friends, family, and co-workers.
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Allowing emotions to dictate your investment
decisions.
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Using high-cost investments.
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Trying to time the markets movements.
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Stay connected with Solid Rock Wealth Management
to find the remaining common financial mistakes
and how to avoid them. Learn more about how
you can effectively plan, grow and preserve your
wealth with financial advisor Chris Nolt at
www.SolidRockWealth.com or call now at
406-582-1264
Does talking costs you anything?
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