In this second episode of a two-part series, Paul and Cory continue to discuss some common money mistakes and offer advice to help you learn from the problems others have faced. They address how people miss the Backdoor Roth IRA, the problems associated with people talking to a product salesperson instead of an advisor, why counting on a company’s success way too much can be harmful, and the pitfalls of saving money instead of building assets. Paul and Cory explain how when we borrow money, we’re not getting money on our assets, we’re getting money on our potential to earn income. To help you better understand the common money mistakes Paul and Cory address in this episode, they include examples from Ned Ryserson from Groundhog Day, the Enron scandal, and The House.

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