{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"10-7-25 7 Midlife Money Traps That Destroy Wealth","description":"In your 30s, 40s, or 50s, life gets busy\u2014and money decisions get complicated. Many professionals fall into the same midlife financial traps that quietly erode their future wealth. Lance Roberts &amp;amp; Jon Penn unpack seven common midlife money mistakes that can derail your long-term goals\u2014from lifestyle creep and poor diversification to credit card debt and get-rich-quick schemes. Learn how to stay focused, protect your growing assets, and build financial independence while managing the real pressures of midlife. 0:19 - Taco Tuesday &amp;amp; Gov't. Shutdown Day-7 4:23 - Is the Rising Trend Line About to End? 10:53 -Mid-life Crises &amp;amp; Dealing w Debt 17:31 - Christina's Amazon Budget &amp;amp; Nutcracker Fetish&amp;nbsp; 19:40 - Mission Creep &amp;amp; Budget Leakage 24:20 - The Danger of Using Credit Cards for Points 29:09 - Hard Money Lending &amp;amp; Usury 32:51 - Trade Your Way to Wealth &amp;amp; Other Get-rich-quick schemes 36:06 - Inflation's Effects on Purchasing Power 37:58 - Markets Can Make You Appear Smarter than You Are 39:06 - Get Debt Free 41:17 - Why You Should Never, Ever, Never, Ever Borrow from Your 401k 47:15 - The Truth About Bankruptcy 49:09 - Coming Attractions \ud83d\udc49 Don\u2019t forget to like, subscribe, and share for more financial education and investing insights. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- Articles Mentioned in This Video: &quot;Bear Market Losses \u2013 A Dangerous Illusion&quot; https:\/\/realinvestmentadvice.com\/resources\/blog\/bear-market-losses-a-dangerous-illusion\/  &quot;Promised Recession\u2026So Where Is It?' https:\/\/realinvestmentadvice.com\/resources\/blog\/promised-recession-so-where-is-it\/  &quot;Bubble In AI: Echoes Of The Past, Lessons For The Present&quot; https:\/\/realinvestmentadvice.com\/resources\/blog\/ai-bubble-echos-of-the-past-lessons-for-the-present\/  ------- Watch today's video on YouTube: https:\/\/youtube.com\/live\/YGY5Z_j2r8I?feature=share -------- The latest installment of our new feature, Before the Bell, &quot;Market Highs &amp;amp; Hidden Risks: Why This Rally Feels \u201cToo Easy,\u201d is here:&amp;nbsp; http:\/\/bit.ly\/48oJ7cl ------- Our Previous Show, &quot;Bear Market Losses: The Dangerous Illusion Investors Fall For,&quot; is here: https:\/\/youtube.com\/live\/Oo1Ny37IaEs?feature=share ------- Get more info &amp;amp; commentary:&amp;nbsp; https:\/\/realinvestm entadvice.com\/newsletter\/ -------- SUBSCRIBE to The Real Investment Show here: http:\/\/www.youtube.com\/c\/TheRealInvestmentShow -------- Visit our Site: https:\/\/www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https:\/\/www.simplevisor.com\/register-new -------- Connect with us on social: https:\/\/twitter.com\/RealInvAdvice https:\/\/twitter.com\/LanceRoberts https:\/\/www.facebook.com\/RealInvestmentAdvice\/ https:\/\/www.linkedin.com\/in\/realinvestmentadvice\/ #StockMarketUpdate #MarketCorrection #InvestingPsychology #MarketRally #MidlifeMoney #FinancialFreedom #WealthManagement #PersonalFinance #SmartInvesting #InvestingAdvice #Investing #Money&amp;nbsp; ","author_name":"The Real Investment Show Podcast","author_url":"http:\/\/soundcloud.com\/the-lance-roberts-show","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/38499530\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/87A93A\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/38499530"}