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June 12, 2025 13 mins

Bad investments get a lot of attention. But the truth is, it’s usually the smaller, everyday financial mistakes that quietly cost people far more over time. In this episode of Wealth Strategies Unleashed, Robert Gilliland is joined by Concenture Wealth Management’s Chief Investment Officer, Mike Alexander, to talk about how misinformation, myths, and simple inaction can quietly erode your wealth and how to stop it.

From the false belief that carrying credit card debt boosts your credit score, to underestimating the power of compounding, this conversation focuses on simple, proven habits that protect and grow your financial future without chasing “hot tips” or taking unnecessary risks.

We share actionable ways to:

  • Recognize the most common money myths and everyday financial traps
  • Use debt wisely and avoid financing lifestyle expenses that hurt long-term growth
  • Prioritize needs over wants while still making room for future goals
  • Harness the power of compounding and consistent saving to build wealth over time
  • Build discipline through budgeting and “treating yourself like a bill”

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For personalized financial guidance, schedule an intro call with our team at Concenture Wealth Management for Houston, Sugar Land, Katy, & Spring, TX. Our team of professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To explore our 3-step process and services we offer click here.

The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversificati...

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