Happy New Year! Instead of a newsletter highlighting all.the.new.year’s.resolutions, I’d rather like to highlight the following three resources, focused on avoiding bad financial mistakes:
- Read: NerdWallet co-founder and CEO Tim Chen details The Three Most Common Financial Mistakes Young People Make: 1) Forgetting to rollover your 401(k); 2) Not refinancing loan(s); and 3) Bad budgeting.
- Listen: In The 10 Best Ways to Ruin Your Financial Future, Dr. Daniel Crosby (a psychologist and behavioral finance expert) discusses in a very tongue-in-cheek way, the ways in which you can ruin your financial future. This 8 minute podcast is worth the listen, especially for #6!
- Watch: Dr. Crosby makes mention of the movie The Big Short in #7 of ways in which to ruin your future; I highly recommend watching this film (available to rent on Amazon Prime for $2.99). Besides retelling the financial underpinnings to the Great Financial Crisis, the movie highlights the fickleness of a few investors who profited abundantly on the meltdown, shedding light on how difficult it is to stay the course to one’s investment strategy.
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You can click on the links below to access this month’s resources. Thanks for reading, listening, and watching!