183: How to Avoid Money Traps

Learn why impulse buying of money traps is making you poorer.

Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod

Are you buying depreciating assets like boats and RV’s then wondering why you don’t have any money?

Boats need trailers, moorage, insurance, gas, repairs, covers, motors, ski equipment, etc.

RV’s need gas, garage, insurance, repairs, car to tow, fees, washing, etc.

The cost of the boat or RV is not it’s true cost! It goes way beyond that.

You’ve increased your monthly expenses by more than you think. Those extra thousands could be going to work for you and producing more money. If you’re in your 50’s or 60’s, you need to pay special attention to this and get serious about saving and investing.

You can build your wealth or buy these toys, but you can’t do both very well.

Rent instead of buy. Use it and leave the cost and headache to someone else!