In this eye-opening episode, Catherine Magaña, Steve Wolff, Rachel Ivanovich, and Greg Carroll unpack one of the sneakiest money mistakes people make, spending big on depreciating assets that don’t generate income. From luxury cars and RVs to paying off your low-rate mortgage too soon, they reveal how “feel-good” purchases can quietly derail your long-term financial security.
The team shares stories of clients who traded liquidity for peace of mind, and why that decision sometimes backfires. They break down the real cost of buying a new car, the opportunity cost of paying cash, and the psychology behind wanting everything paid off.
🎧Tune in to learn:
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Why your dream car may be costing your future self
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The myth of “real estate always goes up”
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When paying off your mortgage makes sense (and when it doesn’t)
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How to align spending with your bigger financial plan
So whether you’re into cars, homes, or the next big “must-have,” this episode will make you think twice before trading future growth for short-term satisfaction.
Date Recorded: 06/30/25
Disclosure:
WWM Financial is an SEC Registered Investment Advisor
The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry and how we may be able to assist. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. As always please remember investing involves risk and possible loss of principal capital. Tax considerations presented may not be appropriate every individual circumstance. A tax professional should be consulted before making any decisions about your tax liability. wwmfinancial.com | 760.692.5190
