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THE MONEY MISTAKES YOU CAN’T AFFORD AFTER 40
Season 7 Episode 3
💰 Money habits are written early in life, but they can always be rewritten with discipline and vision.
In this insightful episode of The Forties Formula podcast, hosts Jasmin Dhillon and Amanda Lim sit down with ALEXIS LIVANES, financial advisor and money coach with over a decade of experience helping professionals and families reshape their financial futures. With clarity and practicality, Alexis shares how to turn your 40s into the wealth-building decade through simple money habits, intentional investing, and a focused financial mindset.
The conversation explores the realities of money in midlife. They discuss debt as a prison, why cash without strategy loses value, and how small daily choices grow into lasting financial freedom. Alexis also emphasizes that true prosperity is not about how much you have but about the opportunities your money creates and the peace it brings to your life.
Together, they explore:
• Why debt can feel like a prison and practical ways to break free
• Understanding your money personality and how it influences decisions
• Hidden blind spots in financial planning, from health costs to family obligations
• The role of insurance and critical illness cover in securing your financial future
Financial health does not come from doing everything perfectly. It comes from making small, consistent choices that build a life where money works for you.
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CHAPTERS
00:00 – Episode Snippet
01:31 — Introducing our guest, Alexis Livanes
01:57 – Get clear on where you want to go financially
02:46 – Education is the first step
05:02 – Use the “3 Buckets of Money” strategy
06:04 – Investing requires knowing your risk tolerance
08:59 – Disciplined habits now pay your future self
11:15 – Beware emotional spending and hidden expenses
12:28 – Don’t wait for the “perfect time” to invest
16:46 – Understand your value
22:02 – Everyone has a money personality
24:30 – What contributes to children's money habits?
26:22 – Fuel Your Forties
27:18 – Risk profile matters more than FOMO trends
30:00 – Money issues are a leading cause of divorce
36:02 – Property can be good debt if goals are clear
38:21 – Be cautious with overseas investments
39:34 – Die With Nothing
42:31 – The “sandwich generation”
44:19 – Health is wealth
45:13 – Life insurance and critical illness
47:00 – Hot or Hype?
49:20 – The 40s Formula: Clarity, Consistency, Confidence.
Special Thanks to Our Sponsors:
🥩 The Meat Club – A big thank you to @themeatclubsg for supporting us with "The Fuel Your Forties Segment." Enjoy $12 off with code TFF.
🌯 Guzman y Gomez – Where Clean is the New Healthy - 21 restaurants deliver islandwide!
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Published on 2 weeks ago