In my five years talking about personal finances with people and over nearly a decade as an investment analyst, I’ve seen five common money mistakes keep people from reaching their financial goals.
Everyone talks about the importance of starting early with your financial planning but do you know how much it matters? Putting just $50 a month into an investment account can mean nearly $100,000 more for retirement.
You probably heard from your parents that money doesn’t grow on trees but you can create it out of thin air…with a credit card!
And that’s one of the biggest money problems, that many people think of their credit limit as available cash. It’s too easy to think of your credit limit as the same as your income. Borrowed money isn’t the same as money you earn.