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This 1 Mistake Could Cost You Thousands

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Manage episode 375576060 series 3334344
Content provided by Marc Russell. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marc Russell or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Check out my resources!
Click Here To Join The Financially Bulletproof Investing Course!

Click Here To Download my Free Financially Bulletproof Checklist

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Welcome to another episode of the BetterWallet Podcast. In today's discussion, I'll reveal the number one financial mistake that many people unknowingly make, and it's not about budgeting or investing. This mistake could lead to giving away money to someone you might not want to benefit. Join me as I delve into real-life scenarios, explain the importance of beneficiaries, and provide actionable steps to ensure your financial assets go to the right hands.
Timestamps:

[03:10] Divorce impact on beneficiaries.
[05:20] Trust vs. beneficiary conflict.
[06:40] Choose trustworthy and capable beneficiaries.
[08:00] Avoid minor children as beneficiaries.
[09:30] Updating beneficiaries after life events.
[10:50] Beneficiary overrides will and trust.
[12:20] Yearly review of beneficiary designations.
[14:10] Financial empowerment through informed decisions.
[15:20] Listener's success story with debt-free journey.

---

Connect with Me!

Instagram: @BetterWallet

TikTok: @BetterWallet

Twitter: @TheBetterWallet

YouTube: @BetterWallet

  continue reading

82 episodes

Artwork
iconShare
 
Manage episode 375576060 series 3334344
Content provided by Marc Russell. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marc Russell or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Check out my resources!
Click Here To Join The Financially Bulletproof Investing Course!

Click Here To Download my Free Financially Bulletproof Checklist

---

Welcome to another episode of the BetterWallet Podcast. In today's discussion, I'll reveal the number one financial mistake that many people unknowingly make, and it's not about budgeting or investing. This mistake could lead to giving away money to someone you might not want to benefit. Join me as I delve into real-life scenarios, explain the importance of beneficiaries, and provide actionable steps to ensure your financial assets go to the right hands.
Timestamps:

[03:10] Divorce impact on beneficiaries.
[05:20] Trust vs. beneficiary conflict.
[06:40] Choose trustworthy and capable beneficiaries.
[08:00] Avoid minor children as beneficiaries.
[09:30] Updating beneficiaries after life events.
[10:50] Beneficiary overrides will and trust.
[12:20] Yearly review of beneficiary designations.
[14:10] Financial empowerment through informed decisions.
[15:20] Listener's success story with debt-free journey.

---

Connect with Me!

Instagram: @BetterWallet

TikTok: @BetterWallet

Twitter: @TheBetterWallet

YouTube: @BetterWallet

  continue reading

82 episodes

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