facebookWhat is the biggest or most common mistake that people make when it comes to personal finance ? - Seedly
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Anonymous

Asked on 12 Apr 2019

What is the biggest or most common mistake that people make when it comes to personal finance ?

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Answers (5)

Mostly not taking a committed step towards doing something concrete. Can be as simple as putting aside a dollar a day to save up, or limiting yourself to 1 bottled drink a day - every little thing counts. i think the general problem is that we always dream big, but do not understand the sacrifices we have to make in order to get there - Dreams only become reality with hard work and most importantly dedication. i think we all have experienced that new year resolution sprint that ends in a fizzle of non-commitment and lack of time by February!

So start small first, and work your way up - But just have a goal in mind, and remember to reward yourself now and again for that discipline! intrinsic motivation is good and all, but a good meal here and there adds the cherry on top of all the investments you have made!

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Not willing to make a lifestyle change until it is too late.

Want to invest but scared to lose money.

Want to get rich overnight.

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Thank You!
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Zann Chua

Zann Chua

Level 6. Master

Answered on 15 Apr 2019

Hello!

i think that one of the biggest mistakes made would be when people live from paycheck to pa...

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