In your 30s, 40s, or 50s, life gets busy—and money decisions get complicated. Many professionals fall into the same midlife financial traps that quietly erode their future wealth. Lance Roberts & Jon Penn unpack seven common midlife money mistakes that can derail your long-term goals—from lifestyle creep and poor diversification to credit card debt and get-rich-quick schemes. Learn how to stay focused, protect your growing assets, and build financial independence while managing the real pressures of midlife. 0:19 - Taco Tuesday & Gov't. Shutdown Day-7 4:23 - Is the Rising Trend Line About to End? 10:53 -Mid-life Crises & Dealing w Debt 17:31 - Christina's Amazon Budget & Nutcracker Fetish 19:40 - Mission Creep & Budget Leakage 24:20 - The Danger of Using Credit Cards for Points 29:09 - Hard Money Lending & Usury 32:51 - Trade Your Way to Wealth & Other Get-rich-quick schemes 36:06 - Inflation's Effects on Purchasing Power 37:58 - Markets Can Make You Appear Smarter than You Are 39:06 - Get Debt Free 41:17 - Why You Should Never, Ever, Never, Ever Borrow from Your 401k 47:15 - The Truth About Bankruptcy 49:09 - Coming Attractions 👉 Don’t forget to like, subscribe, and share for more financial education and investing insights. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- Articles Mentioned in This Video: "Bear Market Losses – A Dangerous Illusion" https://realinvestmentadvice.com/resources/blog/bear-market-losses-a-dangerous-illusion/ "Promised Recession…So Where Is It?' https://realinvestmentadvice.com/resources/blog/promised-recession-so-where-is-it/ "Bubble In AI: Echoes Of The Past, Lessons For The Present" https://realinvestmentadvice.com/resources/blog/ai-bubble-echos-of-the-past-lessons-for-the-present/ ------- Watch today's video on YouTube: https://youtube.com/live/YGY5Z_j2r8I?feature=share -------- The latest installment of our new feature, Before the Bell, "Market Highs & Hidden Risks: Why This Rally Feels “Too Easy,” is here: http://bit.ly/48oJ7cl ------- Our Previous Show, "Bear Market Losses: The Dangerous Illusion Investors Fall For," is here: https://youtube.com/live/Oo1Ny37IaEs?feature=share ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarketUpdate #MarketCorrection #InvestingPsychology #MarketRally #MidlifeMoney #FinancialFreedom #WealthManagement #PersonalFinance #SmartInvesting #InvestingAdvice #Investing #Money