Some financial strategies sound really smart…until they aren’t.

In part one of this special two-part series, we’re diving into real stories from personal finance pros who once made money moves that seemed like great ideas... but turned out to be anything but.

You’ll hear honest reflections from:

• Diana Merriam (EconoMe) on the allure, and pitfalls, of credit card churning
• Jesse Cramer (Personal Finance for Long-Term Investors) on rethinking Roth conversions
• Joel Larsgaard (How to Money) on why 529 plans aren’t always the no-brainer they seem

I’ll also share my own story of trusting the wrong financial “expert” and how it led me to open a whole life insurance policy I didn’t need.

We’ve all made money moves we later questioned. This episode is here to help you learn from them and avoid making the same ones.

Key Takeaways:

• Whole life insurance isn’t the wealth builder it’s often sold as.
• Credit card churning can be more trouble than it’s worth.
• Roth conversions aren’t always a smart tax move.
• 529 plans can limit financial flexibility.
• Even smart-sounding strategies deserve a second look.
• Mistakes are part of the journey - learn and keep going.

More of Our Guests:

Check out Diana’s EconoMe Conference at https://economeconference.com/

Listen to Jesse’s podcast Personal Finance for Long-Term Investors at https://bestinterest.blog/personal-finance-for-long-term-investors/

Listen to Matt’s podcast How to Money at https://www.howtomoney.com/

More of FI Minded:

Email Justin at [email protected]

Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/