10 Money Mistakes You Must Not Encounter
Are you a finance enthusiast? This video, we'll talk about 10 Money Mistakes You Must Not Encounter.
The presence of money can be a boon or a curse. Some people find themselves resentful of the financial security it provides, while others never feel rich enough with their wealth even though they are often flashier than those who don't have as much money going into maintaining an extravagant lifestyle which can seem overwhelming at times for anyone especially if you are having trouble coping because life has been hard on your emotional health since before any struggles, watch this 10 Money Mistakes You Must Not Encounter.
Most people believe they should reward themselves for making more money. This capital should be put in long-lasting assets. Regarding your earning potential, picture yourself as a tree. You should only set aside enough money in your savings account to cover your living needs and an emergency reserve. Instead of saving for the sake of saving, you should save for investment purposes. Without a strategy, the money saved will be wasted on unnecessary things. 10 Money Mistakes You Must Not Encounter will give you a better understanding of the importance of investing and will show you the most common mistakes that people make so that you can avoid them like the plague.
#moneymanagement #money #financialeducation
Time Stamp
00:00 Introduction
01:06 Single source of income
01:56 Credit cards
02:54 Negative net income
03:56 Single bank account
05:14 Financial risk-taking
05:57 Inflation
06:53 Quick-money schemes
07:49 Illegal substances or tobacco products
08:32 Lack of smart investing practices
09:09 Lack emergency money
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