Will Rogers said that “it isn’t what we don’t know that gives us trouble, it’s what we know that ain’t so.” Growing up, we learn many habits that will last us all our lives and, while some habits can bring happiness and financial success over time, others however, slowly lead to ruin. What can we do about those? Simple! We identify the bad habits and THEN we learn better habits to take their place! If you want to know some of the worst financial mistakes that you might be making then read this list to avoid them and the money problems that they bring!
*This article contains affiliate links.
“Pay yourself first” or right after receiving your paycheck, take 10% of it for investing. Sound familiar? That was the classic money management tip from George S. Clason, the author of “The Richest Man in Babylon.” Originally published by 1926, the timeless personal finance tips that we can learn from the stories still hold value today.
*Note: The book is in public domain and you can search for it freely on the internet!
Do you have a friend or colleague that you enjoy hanging out with because they treat you well? Do you know an acquaintance whom you dislike because they keep criticizing everything you do? Do you enjoy supporting the former while actively avoid the latter? For most of us the quality of our lives and the success or failure of our careers will depend on how good we are at building and maintaining relationships. For learning those essential skills, the first three lessons in Dale Carnegie’s How to Win Friends and Influence People are especially valuable.
They say repetition is the key to mastery. As a classic self-improvement book, you may have read it yourself at one point in your life but have not had the time to review it. We’ve gone a long way since Dale Carnegie’s time and many leaders like John Maxwell, Stephen Covey, Brian Tracy and several others have taught lessons that adds and builds on what he taught (and I’ve included some of them here as they’re crucial for improving the lesson), but his classic still stands as one of the best. If you want a quickly remember some of the basics, then keep reading this article!
Note: I also suggest buying and reading the book through the affiliate image link below to learn the complete lesson. As they say, nothing beats the original!
You’re one of the best in your industry and you’re paid well for your work, but does most of your salary disappear right as you receive it? Do you struggle with your finances the week before payday? Do you always eagerly anticipate your next paycheck? If so, you probably spend too much of your money somehow. After learning the basics of personal finance like saving and investing as well as how to pay off your bad debts here are six quick tips to avoid overspending and save more money!
“Diligence is the mother of good luck.” – Benjamin Franklin
You see lucky people everywhere. They have rich parents, they are good at sports, and they nearly always get good grades in school. Most of us, however, are just ordinary. We don’t have rich parents, we’re not very good at sports, and we barely pass our exams. For a lot more of us, it’s even worse as we’re often saddled with disadvantages and life often feels like an uphill climb.
You probably know what it’s like. You study hard for your exams and you barely pass that test. You work hard at your job and you still don’t get promoted. You try to improve your business yet sales don’t increase one bit. While you’re doing all that, other people seem to just glide through life. Some people just have all the luck, right?
You know, I wish luck will give me a billion-dollar business tomorrow. I also want to get lucky and become a world champion athlete as well. I mean, that how most people think luck works right? You wake up one day and you suddenly built a multinational corporation from thin air, you suddenly won the world title fight without ever leaving your couch, or you go from fast food worker to a real estate billionaire in a day because you got “lucky.”
Sadly, that doesn’t happen. So what can we do about it?