The Capitalist Investor - Episode 171 Today, the Capitalist Investor Squad takes apart Suze Orman’s list of the five biggest financial blunders that people can make. What does the team agree with and what does the team disagree with? On top of that, you’re seeing riots in France with the pension age being raised from 62 years old to 64 years old. Is this something we can expect to happen here in the United States? All of this & more on this week’s “The Capitalist Investor” Podcast.Suze Orman’s List Don’t Take A Tax Refund?Do you get a tax refund check? Should you get a tax refund check? If you get a tax refund, it simply means you overpaid your taxes. The average refund is $2,400 and Americans in general are not particularly good at saving money. But if you over-pay, that could affect interest on credit cards and other debt throughout the year that could start stacking on top of each other. All of this should factor into your decision when talking to your HR department about payroll.2. Don’t Lease A Car?Should you lease a car or should you buy a car? Leasing a car could pay off in the end if you don’t plan on keeping your car for more than 7 years. This is an age old debate with differing opinions, even from the Capitalist Investor Squad.3. Don’t Skimp on Car Insurance?Can you get too much insurance? What happens if you have too little insurance? Maybe you should look into an Umbrella policy to cover you even outside of just auto insurance.4. Don’t Spend Money On Things You Don’t Really Need?Okay.. you need to live life. Really, you need to understand how much you need to save and invest to meet your lifestyle goals and objectives down the road. Once you’ve got that covered, your discretionary income can be spent whichever way you want. In the end, life is about your happiness.5. Don’t Waste Money on Coffee?Is it possible coffee makes you more productive which actually increases your wealth and income? How can you save money on coffee by making it at home like one of our squad members? Can not drinking coffee or not going to Starbucks really be that big of a game changer over time? Connect With Mark TepperTwitter: @MarkTepperSWPFollow Mark on LinkedInSend Mark a message hereThe SWP Connect YouTube ChannelConnect with Derek GabrielsenTwitter: @DerekGabrielsenFollow Derek on LinkedInSend Derek a message hereCheck out Derek’s YouTube channel!Connect With Luke LloydTwitter: @LloydBoyLukeFollow Luke on LinkedInSend Luke a message hereThe SWP Connect YouTube ChannelConnect with Tony ZabiegalaTwitter: @TonyZabiegalaFollow Tony on LinkedInSend Tony a message hereThe SWP Connect YouTube channel!Send your questions and comments to us at info@SWPConnect.com
