Most of us are experiencing financial difficulties due to two major errors committed when younger days. Do you make financial mistake on your daily basis ? Read some of financial mistakes we often do: –
1. Doing the concept of ‘Spend First, Save the balance’. This concept is wrong and lead to many who have no funding for old age. How these errors are often made public? Do they not realize the importance of saving for their old age? This is due to the attitude of previous expenditures and revenues and then save the rest, that even if there is a balance.
2. Foolhardy risk. This mistake is often made? especially when the courage to bear the risks such as: –
a. Just think about profit
– Just think of profit without considering the other costs. Greed sometimes lead to extreme losses.
b. Get rich quick scheme.
– This is a result of too much trust in those who see the promise of the rich. Beware of get rich quick scheme because it will steal your money .
c. Not learn how to invest
– Many of us just invest without knowledge. Some of investment not worthy and some of them will make you loss.
It should be remembered, the investment law is to state – “if an investment is potentially a high return on the risks involved are too high ‘. The problem is people who forget this rule and too bold. Dare was nice, but the best is brave dare located.