Ep 103: How To Lose All Of Your Money

As you prepare for retirement, you want to make sure you’re doing everything you can to secure your financial future. We’ve talked a lot on this podcast about strategies to help you grow your wealth for retirement, but it’s just as important to consider the risks that could wipe out your savings entirely. On today’s episode, we’re covering the two big ways that you could lose every dime you have, and how to avoid these critical mistakes.  

 

Here are some of the topics we will cover in this episode:

• Investing your life’s savings in a business idea of a friend, relative, or child. (3:48)
• The consequences of investing all of your money in one company. (8:29)
• Why Lee does not recommend that his clients buy individual stocks. (12:23)

 

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