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!
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“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!
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!