Saturday, 16 April 2016

You won't become a millionaire if you make these mistakes

There are many posts recently explaining how to become a millionaire already. The Practical Saver details some of the mistakes about how to not become a millionaire. Learn from these common mistakes to improve your financial well-being.

Here are ten mistakes:

1.Don’t understand money
2. Live beyond your means
3.Forget the value of compounding interest
4. Don’t value education
5. Avoid getting promotions or salary increases
6. Don’t take advantage of employer’s matching contribution
7.Buying products at full price
8. Give up even before starting
9. Keep up with the Joneses
10. Invest in wrong investments