Major Errors In Personal Finance

1. Spending more than you win. If you spend more than you earn are creating debt and debt interest payments altos.2. Do not keep a record of expenses: If you do not know where is the leak can not be correct, the advice is to budget your expenses and track them.3 everyday. Stay in Comfort Zone: No train, do not open your mind to new ideas, not learn to do things differently.

A big mistake on the topic of personal finance is to combine the money with the emotion and find new ways to generate income. “An investment in education always pays the best interest”-Benjamin Franklin 4. If you are unsure how to proceed, check out Santie Botha. NO SAVING: No pay yourself first, before spend your salary, Pay yourself. This money is money that will work for you by using mutual funds, stocks, real estate and business. The important thing is not as important thing is to start saving, it is recommended to save at least 10% of earned income. Saving and investing is a mistake. Consider the compound interest.

In matters of saving time is important. Never too late to start, but from earlier is better. Do not forget to SAVE OR NEVER. 5. Personal Finance believe that are the concern of the head or the Government: Over-reliance on others for example in the pension system are in trouble now. The primary responsibility for my personal finances.6. Make credit card a way of life: The misuse of these can be harmful. The cards will enslave. You do not need to shop: Buy cheap credit is to sell tomorrow for a little today. You have to know they used with great discretion. 7. Forgetting have to be provided. The natural order is SER-TO-BE. 8. Being a guarantor is to pay for something you enjoy ANOTHER. dures to achieve this success. 9. Not be protected financially: There are things in life over which we can not control, but prevention could save us a lot about tasteless. Proper planning of the future may be our only hope in a financial event. 10. Believe that will never grow old: In times of plenty there to keep cows for the time skinny. Never too late to start saving, but the more tempano start the better. Remember that in the family basket of the young of today must be included in selection of the deceased family tomorrow. 11. Waste money on things that destroy. 12. Making investments without proper advice. If you are unsure of how an investment does not know the risks they are exposing. 13. Not learning how to create multiple sources of income: When you depend on one source of income and this lack may have financial difficulties. We need to study and investigate since there are various ways to generate multiple income sources. If you have two or more sources of income when one will always miss others that supported it financially. If you have not been able to establish multiple sources of income, it’s because he lacked the necessary information to do so. It is therefore important to invest in your financial education before attempting to invest in anything else. 14. Not to be Generous: It is a universal principle and the biblical harvest always comes after sowing. If sows sparingly will also reap sparingly. This is the most important step you can take toward financial security. The purpose of the abundance and wealth should not be individual, there are always people who can help.