Planning for retirement is crucial to ensure financial stability and a comfortable lifestyle in your later years. In today’s episode, you will learn five often missed retirement planning mistakes that can wreak havoc on your golden years.  Once you learn these mistakes, you will be able to create a plan to avoid them! Overview of what you will learn in this episode:  >>3:44: The most important relationship in retirement >>6:04: What successful people commonly do >>8:30: Getting your mind under control  >>10:24: The retirement reality, regardless of how much money you accumulate   Links Referenced in the Show: The Retirement Planning Checklist: https://themillionaireinsider.com/rpc Your Next Step Financial Assessment:  https://themillionaireinsider.com/nsf Show notes and more information: https://themillionaireinsider.com/63 

The bag lady syndrome is a fear of many women and a reality for others. In one impromptu survey we conducted, most of the women said they didn't fear the syndrome. Additional research proved that some had not considered various scenarios that could negatively impact them, such as the need and cost of long-term care coverage and losing their spouse's Social Security Benefit when their spouse dies. Today's episode is designed to empower you with the knowledge and tools you need to ensure your finances are in order. By understanding and planning for the bag lady syndrome, you can worry less and enjoy life more! Overview of what you will learn in this episode: >>4:17: The inside scoop on the syndrome >>6:10: Research and the risks of running out of money >>10:53: Getting free money and how much you should save >>11:34: The risk of long-term care coverages and potential solutions >>16:03: 3 Insights to Avoid the Bag Lady Syndrome >>17:12: The benefit and problem of affirmations and why people go broke >>21:00: Keeping up with the Joneses >>22:30: The highs that come when you have money Links Referenced in the Show: The Retirement Planning Checklist: https://themillionaireinsider.com/rpc Your Next Step Financial Assessment:  https://themillionaireinsider.com/nsf Show notes and more information: https://themillionaireinsider.com/62 

Even though most people don’t realize it, millions of Americans make avoidable financial mistakes every day, and they don’t realize it until it’s too late. In today’s episode, Sharon J asks me to share some common mistakes anyone could make and how to avoid them.  Many of these mistakes have been happening for years and continue today! You will love today's episode if you want to avoid mistakes that wreak financial havoc. Overview of what you will learn in this episode: >>3:47: Understanding and verifying your 1099s are accurate >>6:55: Earning more money on your savings >>8:20: Actual example of how to earn more on your safe money >>9:53: Finding money >>11:27: What you need to do annually >>14:15: What to do before you sign your tax return Links Referenced in the Show: The Financial Freedom Formula Guide: https://themillionaireinsider.com/ffg Your Next Step Financial Assessment:  https://themillionaireinsider.com/nsf Show notes and more information: https://themillionaireinsider.com/61 

For many, the thought of a windfall of money that propels us into the "rich" category is inspiring and motivating. This motivation can propel us to work harder so we can achieve more. Sometimes, the journey from Rags to Riches is a beautiful blessing, and other times, a living nightmare.  Today's episode breaks it down so you can improve the likelihood that your journey to riches will have a happy ending! If you want to know, "What happens when things don't go as planned?" or "What can you do to avoid pitfalls if you come into a windfall of money?", tune in to today's episode. Today, you will learn what to do whether you receive a windfall or accumulate wealth over time.  In this episode, you will learn:    * What you need to know about the "Rags to Riches" transformation   * Nine ways to rise from poverty to riches   * The positive, negative, and problems derived from a windfall of wealth   * What you can do to ensure you don't run out of money Overview of what you will learn in this episode: >>2:55: The first insight >>5:45: The impact of your Worth Barometer >>7:30: From rags to riches and the power of hard work >>15:25: The importance of connecting the dots and making great decisions Links Referenced in the Show: The Financial Freedom Formula Guide: https://themillionaireinsider.com/ffg Your Next Step Financial Assessment:  https://themillionaireinsider.com/nsf Show notes and more information: https://themillionaireinsider.com/60 

Achieving financial success involves the right mindset, smart planning, disciplined saving, and wise investing. Today, the podcast will reveal four unknown insights, and the blog will reveal seven additional secrets. In this episode, you will learn:    * The pillar that is critical to achieving results   * What most people miss (and why it can be disastrous)   * Where to start so you can enjoy life now and secure your retirement    * The game-changing pillar that changes everything Overview of what you will learn in this episode: >> 2:55: The first secret >> 4:59: One insight most do not know >> 9:23: The one secret most want to ignore >> 16:25: What you need to know about wealth accumulation Links Referenced in the Show: The Retirement Planning Checklist: https://themillionaireinsider.com/rpc Your Next Step Financial Assessment:  https://themillionaireinsider.com/nsf Show notes and more information: https://themillionaireinsider.com/59 

Financial infidelity, though often overshadowed by more overt forms of betrayal, can quietly erode a relationship's foundation. Money lies can be minor or significant, and studies show that most relationships include some level of infidelity with their finances. If you're seeking practical advice on how to navigate and prevent financial deception in your relationships, this episode is tailored for you. In this episode, you will learn:    * The difference between financial infidelity and irresponsibility   * What are financial lies, and why they are so devastating to a relationship   * The most common money lies   * How to create healthy money rules and avoid financial deception Overview of what you will learn in this episode: >> 3:09: What is financial infidelity >> 11:31: The impact on your relationship >> 12:59: Where to get support >> 17:22: How to gain back trust Links Referenced in the Show: The Retirement Planning Checklist: https://themillionaireinsider.com/rpc Your Next Step Financial Assessment:  https://themillionaireinsider.com/nsf Show notes and more information: https://themillionaireinsider.com/58 

Overcoming underearning involves a mindset shift, skill development, and strategic actions. Today's insight will help you create a financially secure future. While most people can understand underearning in their career, today, you will learn how people often earn less with their investments. And the best part is that you can start implementing these practical, real-world insights today!  In this episode, you will learn:    * The different ways you may be underearning and what to do about it   * How to develop an abundance mentality and what to do if you have a scarcity mindset   * Skills to earn more money in your business or career   * Less common ways you underearn with your money   Overview of what you will learn in this episode: >> 3:53: What you should know >> 6:11: How to overcome making less than you want or deserve >> 8:24: How it impacts your portfolio >> 12:26: Ways to earn additional revenue Links Referenced in the Show: The Millionaire Mindset Guide: https://themillionaireinsider.com/smmg Your Next Step Financial Assessment:  https://themillionaireinsider.com/nsf Show notes and more information: https://themillionaireinsider.com/57 

I have seen over and over again how people acquire money only to lose it. Whether they inherit, earn, or obtain it from the sale of a business, too often, the person loses it all. As the saying goes, “If you can’t handle $1, you can’t handle $100000000.” I have also seen situations where people who receive windfalls create amazing lives and others where it destroys their lives. In today’s episode, I share the insight you need to know to create a financially secure life you love. In this episode, you will learn:    * One of the biggest problems that most people miss     * Practices to help you avoid impulse decisions   * What to do to ensure you don't run out of money   * The latest brain research and how it impacts your spending habits Overview of what you will learn in this episode: >> 2:59 The first critical mistake >> 5:00 How to calm an overactive mind >> 5:35 Live demonstration >> 10:00 Before you discount anything, do this >> 12:00 How to create a guaranteed income stream >> 13:44 The finite amount of money  >> 18:00 What to do if you don't have enough money Links Referenced in the Show: The Millionaire Mindset Guide: https://themillionaireinsider.com/smmg Your Next Step Financial Assessment:  https://themillionaireinsider.com/nsf Show notes and more information: https://themillionaireinsider.com/56 

Running out of money is not on most people’s bucket list, yet most worry about it. A recent study found that 80% of the interviewees feared running out of money. In another study, people said they were more afraid of running out of money than dying. And it is a reality for many. Studies show that up to 40% of people rely entirely on Social Security for their retirement income. In addition, of those living in poverty over age 65, almost 75% are women. Many of these women were not broke or poor while married or working. In this episode, you will learn:    * How to get your spending under control (and understand why you or a loved one overspend?   * The process of tracking expenses   * One of the most commonly missed reasons people run out of money   * One of the best options to avoid running out of money in retirement    Overview of what you will learn in this episode: >>3:43: How to stop overspending >>8:08: Where you need to focus your attention and energy >>10:29: What to avoid when investing  >>12:30: Additional tips to create a secure financial future you love Links Referenced in the Show: The Financial Freedom Guide: https://themillionaireinsider.com/ffg Your Next Step Financial Assessment:  https://themillionaireinsider.com/nsf Show notes and more information: https://themillionaireinsider.com/55  

Cultivating good money habits is essential for securing your financial future. Today, we're diving into three uncommon habits that are game-changers. These habits, known by only a few, have the potential to dramatically transform the trajectory of your financial future. We delve into practical and unknown millionaires' habits that you can start applying today! In this episode, you will learn:    * How your primal brain impacts your habits and results   * Critical insight on the relationship of your Worth and Wealth Barometers (and when it matters)   * How dopamine impacts your earning, spending, and accumulation habits    * The first step to creating better habits with your money (or really, anything!) Overview of what you will learn in this episode: >> 2:55: The first habit >> 4:59: How your Worth Barometer impacts your Wealth >> 9:23: How to stop overthinking so you can achieve your goals >> 16:25: Increasing dopamine drips Links Referenced in the Show: The Millionaire Mindset Guide: https://themillionaireinsider.com/smmg Your Next Step Financial Assessment:  https://themillionaireinsider.com/nsf Show notes and more information: https://themillionaireinsider.com/54