How to Protect Your Portfolio from Wealth Leaks
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Welcome to today’s episode, where we dive into the insidious world of wealth leaks—the small, often unnoticed financial drains that can snowball into significant setbacks over time.
Kirk Loury, Portfolio and Wealth Strategist at MCM Wealth will help you uncover the hidden culprits behind these leaks. From taxes and investment fees to overspending and inflation, Kirk guides us through the layers of risks that threaten even the healthiest portfolios, and explores practical strategies to plug these leaks and keep your financial goals on track!
Kirk discusses:
- Identifying and understanding financial leaks [00:01:14]
- How seemingly small leakages can lead to significant financial loss over time [00:03:50]
- The role of taxes, investment fees, and overspending in wealth erosion [00:05:30]
- Effective strategies to mitigate the impact of inflation and debt on your portfolio [00:20:13]
- Tools and methods to enhance financial literacy and safeguard your investments [00:26:47]
- And more
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