When it comes to personal finance, there’s no shortage of advice and opinions out there. Along with that, there also are a lot of myths and misinformation about managing your finances. In this episode, we tackle five of the most common myths we come across, including: 1) I need to change my investments based on XYZ headline, 2) Once I have $XYZ portfolio value, I’ll be content, 3) A tax refund = good tax planning, 4) Whole life insurance helps cover your insurance needs while allowing you to efficiently save/invest at the same time, and 5) Just save 20% of your income toward retirement and you’ll be fine. We explain why each myth exists, why it’s misguided, and provide an alternate way to think about each underlying topic.

Resources & People Mentioned

• Download our guide: The Toolkit for Optimizing Your Finances as an Employed Physician
• Download our guide: The Financial Checkup

Connect With Trent and Andrew

• https://mdwmllc.com 
• Follow on LinkedIn
• Follow on Facebook

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