This 1 Mistake Could Cost You Thousands

Check out my resources!Click Here To Join The Financially Bulletproof Investing Course! Click Here To Download my Free Financially Bulletproof Checklist---Welcome to another episode of the BetterWallet Podcast. In today's discussion, I'll reveal the number one financial mistake that many people unknowingly make, and it's not about budgeting or investing. This mistake could lead to giving away money to someone you might not want to benefit. Join me as I delve into real-life scenarios, explain the importance of beneficiaries, and provide actionable steps to ensure your financial assets go to the right hands.Timestamps:[03:10] Divorce impact on beneficiaries.[05:20] Trust vs. beneficiary conflict.[06:40] Choose trustworthy and capable beneficiaries.[08:00] Avoid minor children as beneficiaries.[09:30] Updating beneficiaries after life events.[10:50] Beneficiary overrides will and trust.[12:20] Yearly review of beneficiary designations.[14:10] Financial empowerment through informed decisions.[15:20] Listener's success story with debt-free journey.--- Connect with Me! Instagram: @BetterWallet TikTok: @BetterWallet Twitter: @TheBetterWallet YouTube: @BetterWallet