195 - Foolish Financial Mistakes to Avoid (Part 1)

Want to avoid money regrets and costly financial errors? Eager to learn common pitfalls that trip up even seasoned investors? In this part 1 of 2, Bob and Shawn discuss and provide perspective on foolish financial mistakes to steer clear of that can cost you dearly.

They emphasize the importance of wisdom and provide Biblical scriptures to support their points. Just a few of the financial mistakes discussed include taking stock tips without doing proper research and buying large items on impulse without considering long-term financial plans. So, tune in to learn how to better avoid these top financial mistakes!

*Christian Financial Perspectives Episode 195*

*VIDEO CHAPTERS*
0:00 Introduction
03:26 Spending more than you earn
04:42 Selling an appreciating asset to buy a depreciating one
06:26 Taking financial advice from someone that's not financial successful
07:44 Allowing emotions and feelings to make financial decisions
08:54 Taking stock tips from friends without many hours of research yourself
10:17 Trying to get rich quick
11:26 Gambling
12:22 Loaning money to others expecting to get paid back
12:49 Day trading
15:06 Buying anything large on impulse
16:00 Conclusion

_About Christian Financial Perspectives_
Christian Financial Perspectives covers everything from “Investing in stocks, mutual funds and ETF’s” to “Planning for Retirement” to “Buying Investment Real Estate” to “Creating a Family Legacy” from a Biblical Worldview. The Bible has over 2000 scriptures that speak wisdom into how Christians can successfully structure their finances for a victorious life that honors God. Most people do not realize that Jesus spoke more about stewardship than Heaven and Hell combined.

_About Christian Financial Advisors®_
Christian Financial Advisors® is headquartered in Central Texas and serves clients nationwide with offices in New Braunfels and Boerne, Texas. Our focus is guiding you toward your financial goals by integrating values based advice into financial planning, retirement planning and investment management.

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_* Investment advisory services offered through Christian Investment Advisors Inc dba Christian Financial Advisors, a registered investment advisor registered with the SEC. Registration as an investment advisor does not imply a certain level of skill or training. Comments from today’s show are for informational purposes only and not to be considered investment advice or recommendations to buy or sell any company that may have been mentioned or discussed. The opinions expressed are solely those of the hosts, Bob Barber and Shawn Peters, and their guests. Bob and Shawn do not provide tax advice and encourage you to seek guidance from a tax professional. While Christian Financial Advisors believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability._