Letting Your Ego Make Your Financial Decisions For You

This week on the Retirement Quick Tips Podcast, I'm talking about the most common ways rich people accidentally destroy their wealth, and how you can avoid falling into these traps.  One of the most common ways I see people lose their wealth is by letting their ego drive their financial decisions. They reach a certain level of success, start spending like everyone around them. Suddenly, it's not enough to fly first class—they're chartering private jets. They're buying exotic cars and massive homes, financed with debt.