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5 Common Money Mistakes

Money is the root of all evil when you don’t know how to handle your finances.

Which money mistake have you made?

1. Asking a wealthy person for money

The biggest value they can give is knowledge. Instead, ask for ideas on how to make more money. They may even offer to give you money when they see how great your ideas are too.

2. Promising to guarantee someone on a financial matter even if you are not able to pay on their behalf

The hardest debt to pay is when it’s coming from someone else, meaning that you didn’t

benefit from it at all.

3. Letting large sums of money only remain liquid

There’s always expenses available if money is within reach. You can put it away or invest it to get a high return.

4. Consistently living beyond your means

It’s like filling a cup that’ll never get full. You don’t have to cut down expenses but if you want to spend more, make sure your income streams are also increasing.

5. Thinking only about short-term

Most people would prefer faster returns despite being less in value. Sometimes great

returns require patience. Choosing something tangible is better because there’s security.

Whether you make a lot of money or are drowning in debt, financial issues are always a common challenge to overcome. Let’s learn from our mistakes.

Do you want to focus on what you do want in life versus what you don't want?


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