401k Mistakes You Didn't Know You Were Making
1.1 هزار بار بازدید -
2 ماه پیش
-
Ever wondered if you're making
Ever wondered if you're making some major mistakes with your 401(k)? You could be losing out on free money or taking on dangerous risks without even knowing it!
In today's episode, I dive into the top five mistakes people make with their 401(k) plans and how to steer clear of them. I discuss the importance of participation, the perils of being over-focused on company stock, and ensuring your portfolio is structured just right. From avoiding loans to understanding the severe consequences of early withdrawals, I lay it all out to help you maximize your retirement savings and set you on the path to financial freedom.
Want to make sure you're getting the most out of your 401(k) and securing your financial future? Tune in to the full episode now!
IN TODAY’S EPISODE, I DISCUSS:
- The critical mistake of not participating in your 401(k) and how to fix it
- The risks of over-concentrating in company stock and why diversification is key
- Ensuring your portfolio evolves with you and maintaining the right balance of risk
ORDER MY NEW BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
https://www.melabrahamtraining.com/yo...
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com
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★ WHO IS MEL ABRAHAM ★
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I’m a CPA by education but an entrepreneur by exhilaration, entrepreneur and author of the #1 Bestseller, The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. I’m the founder of Thoughtpreneur™ Academy & Business Breakthrough Academy where I help entrepreneurs bring their businesses to the world and build the lifestyle that they want. I have helped and advised some of today’s top entrepreneurs to build their businesses, create their wealth and find financial independence.
After finding a cancerous tumor in my bladder larger than a baseball in June 2019, I began to openly teach The Affluence Blueprint™ because my cancer journey spotlighted the immediate and urgent need for entrepreneurs to find “financial liberation” and peace of mind. Most entrepreneurs are building a financial house of cards and don’t even realize it…and traditional financial advice will not work for them.
Now it’s your turn!
Meet Mel at http://melabraham.com/
Cheers,
Mel
==== Time Stamps ====
00:00 Wealth and business tips for entrepreneurs.
04:19 Spend consciously, invest for long-term wealth growth.
07:41 Diversify portfolio, avoid overconcentration in a company.
12:21 Simplify investing with target date index funds.
16:10 Losing employer's free money, contributing ability, consequences.
19:48 Ignorance led to cashing out retirement funds.
20:58 Have the right portfolio structure for success.
In today's episode, I dive into the top five mistakes people make with their 401(k) plans and how to steer clear of them. I discuss the importance of participation, the perils of being over-focused on company stock, and ensuring your portfolio is structured just right. From avoiding loans to understanding the severe consequences of early withdrawals, I lay it all out to help you maximize your retirement savings and set you on the path to financial freedom.
Want to make sure you're getting the most out of your 401(k) and securing your financial future? Tune in to the full episode now!
IN TODAY’S EPISODE, I DISCUSS:
- The critical mistake of not participating in your 401(k) and how to fix it
- The risks of over-concentrating in company stock and why diversification is key
- Ensuring your portfolio evolves with you and maintaining the right balance of risk
ORDER MY NEW BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
https://www.melabrahamtraining.com/yo...
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com
-------------------------------------------------------------------
★ WHO IS MEL ABRAHAM ★
-------------------------------------------------------------------
I’m a CPA by education but an entrepreneur by exhilaration, entrepreneur and author of the #1 Bestseller, The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. I’m the founder of Thoughtpreneur™ Academy & Business Breakthrough Academy where I help entrepreneurs bring their businesses to the world and build the lifestyle that they want. I have helped and advised some of today’s top entrepreneurs to build their businesses, create their wealth and find financial independence.
After finding a cancerous tumor in my bladder larger than a baseball in June 2019, I began to openly teach The Affluence Blueprint™ because my cancer journey spotlighted the immediate and urgent need for entrepreneurs to find “financial liberation” and peace of mind. Most entrepreneurs are building a financial house of cards and don’t even realize it…and traditional financial advice will not work for them.
Now it’s your turn!
Meet Mel at http://melabraham.com/
Cheers,
Mel
==== Time Stamps ====
00:00 Wealth and business tips for entrepreneurs.
04:19 Spend consciously, invest for long-term wealth growth.
07:41 Diversify portfolio, avoid overconcentration in a company.
12:21 Simplify investing with target date index funds.
16:10 Losing employer's free money, contributing ability, consequences.
19:48 Ignorance led to cashing out retirement funds.
20:58 Have the right portfolio structure for success.
2 ماه پیش
در تاریخ 1403/04/25 منتشر شده
است.
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