They say hindsight is 20/20 but that’s small comfort when you’re struggling to fix some mistake you’ve made. Too often, these errors involve money and it's money you wish you’d kept in your wallet. Wouldn’t a little foresight be better? That’s because you never want to ask yourself “What was I thinking?” Financial planner and teacher Rob West shares a list of things you’re almost certain to regret doing with your money.
- The question everyone is wondering - has Rob West ever done something with money that he regretted later, and if so, is he willing to share that with us?
- With that out of the way, let’s get to the list of things everyone will regret doing with their money.
- Rob discusses Pay Day Loans, High Interest Loans and the Lottery as examples of what you might regret spending money on.
Next, Rob and Steve answer these questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:
- If your credit score is fluctuating wildly, what could be the cause?
- If you're out of debt except your mortgage and think you could net about $80,000 if you sold your house, should you consider it?
- Should you get a credit card for the sole purpose of keeping your credit score up?
- Is there a benefit to using your savings to pay off your mortgage?
- If you're looking for a loan to buy a car, how do you avoid hard pulls on your credit report because of multiple lenders running credit reports?
- If you're looking for a investment professional for investment management, what are the resources for finding one?
- If your mother-in-law just pass away and there's debt in just her name, is the debt wiped clean?
- For short-term spikes in expenses, is it OK to postpone tithing?
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