Episode Details

This week on the Retirement Quick Tips Podcast, I'm talking about the most common ways rich people accidentally destroy their wealth, and how you can avoid falling into these traps. 

Another common way rich people lose everything is by following bad financial advice. You see this a lot with professional athletes or lottery winners—they invest heavily in a business that fails or take advice from friends or advisors who either don't know what they're doing or are acting in their own self-interest.