Summary:
Bad investments get a lot of attention. But the truth is, it’s usually the smaller, everyday financial mistakes that quietly cost people far more over time. In this episode of Wealth Strategies Unleashed, Robert Gilliland is joined by Concenture Wealth Management’s Chief Investment Officer, Mike Alexander, to talk about how misinformation, myths, and simple inaction can quietly erode your wealth and how to stop it.
From the false belief that carrying credit card debt boosts your credit score, to underestimating the power of compounding, this conversation focuses on simple, proven habits that protect and grow your financial future without chasing “hot tips” or taking unnecessary risks.
We share actionable ways to:
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Recognize the most common money myths and everyday financial traps
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Use debt wisely and avoid financing lifestyle expenses that hurt long-term growth
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Prioritize needs over wants while still making room for future goals
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Harness the power of compounding and consistent saving to build wealth over time
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Build discipline through budgeting and “treating yourself like a bill”
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The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation. This work is powered by Concenture Wealth Management. Registered Representative of Sanctuary Securities Inc. and Investment Advisor Representative of Sanctuary Advisors, LLC.- Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. – Advisory services offered through Sanctuary Advisors, LLC., an SEC Registered Investment Advisor. – Concenture Wealth Management is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.