Financial Mistakes – Stay Away from Extremes

    Published: 06-16-2009
    Views: 4,090
    Financial Advisor Ric Edelman discusses how to avoid big financial mistakes including why you should stay away from extremes.

    Ric Edelman: Hi! I'm Ric Edelman. In this series I've shown you some of the biggest money mistakes I have seen people make. How do you avoid making a mistake of your own? One telltale warning sign, watch out for statements that are made in absolute terms, we can't lose with real state, insurance is a great investment, pay off your mortgage.

    The truth is there is no one single blueprint to follow for everyone. The right advice depends on your situation. A professional financial advisor can show you how to eliminate debt, build cash reserves, buy and manage investments develop an estate plan, save for college and retirement, make the best use of employer benefits and buy the right insurance, along with other financial issues.