Approaching your 50s is a major milestone in life. It’s a time for self-reflection and financial evaluation. Regardless of your current wealth, the choices you make during this period can significantly influence your financial future.

In this article, we’ll discuss 5 common mistakes that individuals in their late 40s often make, shedding light on the importance of proactive financial planning. Whether you’re a millionaire, aiming for millionaire status, or just financial peace of mind, these moves could help navigate this pivotal phase of life more effectively. Let’s dive in and talk about securing the financial future.

1. Getting Yourself Into Credit Card Debt Is A Big Mistake. Ask This Company To Pay It Off

Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You can end up emotionally and even physically drained from it. And even though you make regular payments, it feels like you can never make any progress because of the interest.

Debt Busters is designed specifically to help you get out of credit card debt faster, without having to make drastic life changes. With Debt Busters, you could pay off your credit card debt (with potentially way less interest) in one simple monthly payment.

How to get Debt Busters to pay off your debt: Sign up for a free debt assessment here. (Do not skip this step!) By signing up for a free assessment, Debt Busters can immediately assist you in paying off your debt, but only if you schedule the assessment.

Try it.

2. Not Diversifying Your Retirement Investments with Assets Like Gold & Real Estate Could Be A Big Mistake (Your Income Level Doesn’t Matter)

Not planning for the future could literally be asking to fail. And nowadays there’s no excuse not to plan ahead with the internet making it easier than ever.

Gold and real estate are some of the best ways to diversify a portfolio, but so many people are missing out because traditional retirements accounts only let someone invest in stocks and bond. Also people make the mistake of thinking they need huge sums of money to invest in these assets. With a self directed Equity Trust IRA (IRA stands for Individual retirement account) anyone can now set up a retirement account that allows them to invest in gold, real estate, and more.

Equity Trust has been in business for more than 45 years, and has over $39 billion in retirement assets under custody and administration. They have over 400 client-focused associates that are there to provide dedicated, personalized service whenever someone needs it.

Simply start by requesting your free self-directed IRA success kit from Equity Trust, it contains useful information. Then (or whenever you’re ready), set up a free no obligation phone call with one of the Equity Trust associates that can help you set up your Equity Trust IRA account if you choose to do so.

3. Paying 20% Interest On Credit Cards Is A Big Mistake, Many People Do This Instead

If you need cash and don’t want to use crazy sky high interest credit cards or loans (we don’t blame you), you could use your home to take out a lower interest home equity loan instead. You could use the cash for virtually anything you want (like paying off debt, home improvements, or something else) and potentially save thousands of dollars on interest payments.

Never borrow recklessly, but when it’s time, do it right. Instead of paying credit card interest of over 20%, you could take advantage of much lower rates using a home equity loan where rates start at 6.99%.

How to shop for the best deal? LendingTree is an online marketplace that will show you many lender options in one place and how much cash you can get in under 2 minutes (just answer a few quick questions). It has been finding top loan options for Americans for more than 20 years.

4. You Don’t Have To Do Everything Yourself. Get A Top Financial Advisor To Help You Reach Your Retirement Goals (This Is Not Just For The Wealthy)

There is no better time to plan for your financial future than now, and you don’t have to do it alone.

Getting a second opinion from a pro can’t hurt. A professional money manager/advisor could do wonders for your financial and retirement future. A financial advisor could help you create long-term strategies for building wealth and managing risk. They can help you create a plan, navigate investment options, maximize your Social Security, protect your assets and offer you peace of mind by ensuring you’re on the right track.

If you have a portfolio size of over $50,000 (it could be a combination of cash, stocks, bonds or other assets), there are no-cost online services that make it easier than ever to find trustworthy financial advisers in your area. For example, WiserAdvisor. You fill out a short questionnaire and are instantly matched with up to three local fiduciary financial advisers, all legally bound to work in your best interests.

The process only takes about a minute, and you’ll be offered a free consultation. WiserAdvisor is an independent matching service that helps individuals find the best financial advisor for their unique needs. They have successfully helped over 100,000+ individuals like you find their ideal financial advisor since 1998.

The best advisors will work with you, as a partner, to make a game plan that puts you on track to achieve your financial goals and retirement dreams.

This has the potential to be hugely beneficial: Take a minute to fill out the short questionnaire now.

4. Not Moving Where You Want Or Paying Excessive Real Estate Fees Could Be A Mistake.

Have you been thinking about upgrading or downsizing or maybe cashing out? Maybe you’re just curious about how much money you can get for your home or want to move. Whatever the reason, did you know there’s a way you could receive a no obligation cash offer within 24 hours without any broker/agent, or any showings (and it takes just 3 minutes of your time)?

There is no obligation to sell and it’s completely free to check what your offer is: Offerpad could give you a competitive cash offer right now.

All you need to do is fill in a 3-minute questionnaire. Just fill in some info and Offerpad will carefully evaluate your home with local market expertise.

If you choose to accept your offer, Offerpad will also provide you with free local moving to your next place. You can also pick your closing day, which could be in as little as 24 hours, or choose to extend your stay to live in your current home a little longer.

Find out what your home’s cash offer is in 3 minutes right now.

6. Get Up To $50,000 To Pay Off Your Credit Card Bills (Damn We Hate High Interest)

Sky high interest rates are ridiculous and shameful to pay. Many people don’t know that they can get a personal loan to payoff their credit card bills.

A personal loan usualy has much lower interest than credit cards. You can check to see your rates without affecting your credit score. If you use a personal loan to pay off credit card debt it might save you thousands of dollars in interest.

Then all you have left is a potentially much lower interest personal loan to pay. You can have the money in as little as 24 hours to pay your credit card bills. Then you’ll start paying your lower interest personal loan instead.

You can use a personal loan for lots of other reasons as well, like for medical bills, home improvements, and much more. See your rates right now here, it takes 2 minutes.

7. Here’s How You Could Try And Reduce Your Homeowners, Renters, Or Auto Insurance Bills In Under 2 Minutes

When was the last time you checked your homeowners or auto insurance rate? Insurance companies love when you’re lazy. You could be saving money! For many people, there are cheaper rates floating around but they just don’t know where to look. It could literally save your hundreds, or thousands per year by simply checking online now in 2 minutes.

With this company right here, you could be saving big money. Liberty Mutual is an insurance giant and they’ve got lots of ways to help you save, like customizing your insurance or bundling.

You could save even further with an online purchase discount and get rewarded for things like good driving behavior. There’s also a possible paperless policy discount and a pay-in-full discount.

Do yourself a favor because it only takes 2 minutes, get a quote right now.