One financial mistake that you would advice others to avoid.

[arunima25]

I have always talked about financial discipline, saving and investing from the beginning, from the time you start getting your money. Another important advice would be to treat yourself regularly. Self pampering yourself from the money you earn is so important. Do it in your capacity and don't go overboard to drown yourself in debt. But do it. It is important to do so as you deserve it after all the hardwork and effort that you put in there to earn the money. It makes you feel loved, releases your happy hormones making you more productive . And it's also motivating.

 

[pousinha]

Never, ever, ever never sell your house, lest you'll remain crying, and won't be able to purchase again. The money you'll get will be spend. We sold our one house where we live and other was my four room apartment to which I was given on rent. Now we are on rent from more than 12 years. The money we get all spend.

The idea should be to sell only when meanwhile you are purchasing another house (for ex., to sell in order to purchase a smaller house, that should be cheaper, investing the money you earned from this kind of business).

 

[Augusta]

Don't give your money to lazy People. They never stop asking . They would ruin your financial life

 

[Nomad]

One major financial mistake I would advise people to avoid is not making investment in yourself. You need to invest in learning and building skills

 

[Kross]

I have had the privilege of being in a relationship with one of such liabilities. And my life just stopped growing because she depended on me for everything.

Omo! You are damn right! The easiest way to make life horrible is to get married to a liability in the name of love. When hardship hits, every atom of love evaporates!

 

[Min George]

One mistake that I would advise people to avoid is no to stack anything that keeps taking money away from them

 

[Augusta]

Avoid over-relying on credit cards and financing depreciating assets. it can worsen financial woes.

 

[arunima25]

One major financial mistake I would advise people to avoid is not making investment in yourself. You need to invest in learning and building skills

That's a very wise advice. Investing in learning and building skills is so important to keep growing. One has to keep learning and staying updated to stay relevant and in demand. The job Market is ever changing. Learning new skills increases the chances of earning more.

 

[Augusta]

Not differentiating between Wants and Needs: If you struggle to distinguish you are bound to go broke

 

[Trush Jodie]

The desire to spend and impress people is what I would advise everyone to avoid. No one would bail you out when you run broke.