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August 30, 2023 36 mins

In episode #20 of The Big Bo $how, Big Bo (a.k.a. Jason Blumstein, CFA) shares ways to avoid 5 common money mistakes high earners make in their 30s and 40s.


A recent Wall Street Journal article suggested the best age for financial decisions comes in your 50s. But today, you’ll hear why that might be wrong. 


You’ll also get a front-row seat to:


  • The mindset trap high earners have that can damage their wealth potential
  • A huge misunderstanding many people have about “lifestyle creep”
  • A simple breakdown of the daunting topic of estate planning
  • Why real estate investing might not be all that it’s cracked up to be 


Hope you enjoy the $how! 


Episode 20 Key Takeaways:

  • 00:00 - Big Bo’s recent trip to Israel and an episode overview
  • 02:52 - How much you have to invest to hit $1M by 65 starting in your 30s, 40s or 50s
  • 06:58 - Why so many people misunderstand and get caught by “lifestyle creep”
  • 13:57 - Estate planning: Why it matters sooner than you think
  • 19:24 - An honest look at the potential pitfalls of real estate investing
  • 24:01 - Why advisors matter — even if you know how to invest
  • 28:26 - A 2023 NFL preview — and a bold Super Bowl prediction


The content is developed from sources believed to be providing accurate information. The information in this podcast is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Julius Wealth Advisors, LLC (“JWA”) is a registered investment adviser located in Englewood, NJ. Registration as an investment adviser does not imply a certain level of skill or training.  The publication of The Big Bo $how should not be construed by any consumer or prospective client as JWA’s solicitation or attempt to effect transactions in securities, or the rendering of personalized investment advice over the Internet. A copy of JWA’s current written disclosure statement as set forth on Form ADV, discussing JWA’s business operations, services, and fees is available from JWA upon written request.  JWA does not make any representations as to the accuracy, timeliness, suitability, or completeness of any information prepared by any unaffiliated third party, whether linked to or incorporated herein.  All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. JWA is neither your attorneys nor your accountants and no portion of this podcast should be interpreted by you as legal, accounting, or tax advice.  We recommend that you seek the advice of a qualified attorney and accountant.


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