IFB97: A List of Really Unwise Financial Decisions

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Dave:                                    00:36                     All
right folks, we’ll welcome to Investing for Beginners podcast. This is episode 97. Tonight Andrew and I are
going to talk about wisdom, really unwise financial decisions. We’ve put
together a list of some things that you should not do if you want to be wise
with your money. So Andrew, why don’t you go ahead and talk about our first
item, then we’ll kind of go down the list.



Andrew:                              00:59                     Yeah,
sounds good. Making this list was fun, wasn’t
it? It was fun because I’m guilty of these just as much as anybody else.
I don’t like to think that. I don’t like to imply that I’m just like the super
wealthy dude that doesn’t make any
mistakes. But you know, I think we can kind of
learn from other people sometimes. Maybe learn from ourselves sometimes and we can do some things with our money that,
uh, you know, when it becomes a money pay, we don’t have to fall into those
traps. So I think a huge one, and by the way, I think a lot of these are pretty
controversial. I think this one’s controversial too, but credit cards. So my
thing with credit cards is obviously my
stance is I’m the super no debt guy, only by, you know, I only want stocks that
don’t have a lot of debt.



Andrew:                              01:52                     I
think that is the devil, the borrower, slave, borrower’s slave to the lender,
you know, all these sorts of things when it comes to debt. However, I also like
to think that I’m brilliant one. A lot of the times I’m not. So even with my