The bad financial decisions you avoid can be just as important as the good financial moves you make. And while no one is perfect, highly successful people and families tend to avoid major slip ups.
In the latest installment of Modern Wealth Management, Darrick and Ryan explore some wealth-destroying mistakes that high successful people do a good job of sidestepping.
This episode is packed with great tips and is sure to leave you taking a page from the playbook of the super rich!
Timecodes:
0:03 - Overview on the topic of the episode
1:52 - Does the average individual take measures to avoid costly mistakes?
3:15 - There are opportunities to learn lessons from the wealth planning strategies of the super rich
5:02 - The grass isn't always greener on the other side
8:12 - Clearly define your goals and stay on the proper track to achieve them
11:34 - Hire the best professionals to support your goals
16:00 - The characteristics of consummate professionals and those that will propel you forward
19:14 - Utilizing second opinions and stress tests to ensure you're plan is on track
23:00 - The difference between a second opinion and a stress test
25:02 - How someone can get in touch with Darrick's team to discuss this topic further
27:04 - Why we study the super rich
28:10 - Closing remarks
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