Oct. 19, 2026

5 Ways to Go BROKE (By AGE!)

5 Ways to Go BROKE (By AGE!)
5 Ways to Go BROKE (By AGE!)
The Personal Finance Podcast
5 Ways to Go BROKE (By AGE!)

Every decade has its own way of quietly breaking your finances, and most people never see theirs coming until it already happened.


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What You'll Learn in This Episode


Five ways to go broke in your teens, 20s, 30s, 40s, 50s, and 60s

What waiting ten years to start investing actually costs you

The 20/4/12/10 rule for buying a car without going backwards

Why a house is a lifestyle decision more than a financial one, and the total cost nobody runs

The business risk in your 40s that can force you to start over

Catch-up contribution amounts available at 50 and again at 60

Why paying for your kids’ college before your own retirement works against both of you

The one thing to protect in each decade, from your time to your freedom


Start Here

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Resource/s

Car Insurance https://secure.money.com/pr/gc43ce394da5

Best HYSA https://secure.money.com/pr/r453ecf4d190

Stock Brokerage Accounts https://secure.money.com/pr/v8d06f8de92c

Best IRAs https://secure.money.com/pr/oe09b73d1952

Favorite Travel Credit Cards https://milevalue.com/best-credit-cards/?aff=mastermoney


Episode/s Mentioned


The 1-3-6 Method For Building & Managing Your Emergency Fund https://youtu.be/rGdII_Z0hnw

The System to Pay Cash For Cars (and NEVER Have a Payment Again!) https://youtu.be/kgmjjQEN3Xs


Tool/s Mentioned


Total Cost of Ownership Calculator https://mastermoney.co/total-cost-of-ownership-calculator/

The Wealth Builders Matrix https://mastermoney.co/wealth-builders-matrix/

The Portfolio Pyramid https://event.webinarjam.com/q05p7/register/8mz7rho?webinar_id=23

The 1-3-6 Method https://mastermoney.co/the-ultimate-guide-to-managing-your-emergency-fund/


Watch Next


How to Evaluate a Stock Like Warren Buffett with Brian Feroldi https://youtu.be/posnNC99UFQ

12 Reasons You Need to Stop PLAYING SMALL with Money https://youtu.be/qFz3_-pLapg

19 Strategies to Pay Off Debt (FASTER!) https://youtu.be/WAnf4Z7PHjs

How to Build a Portfolio If You Are Worried About An AI Bubble https://youtu.be/NhfJVhSTedA

The Millionaire Money Rules (Get to $1M Faster!) https://youtu.be/CNeIBcfXtUA


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Question for you:

Which decade are you in, and which of those five are you guilty of right now?


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