PRACTICAL PATH TO BECOME RICH (rank#2🏅in MINDSET) #completed

Part 9: our mistakes

Making money works for you in able to safe for financial independence is a lifelong process. Unfortunately, it worthwhile to take lots of small and smart decisions to grow your wealth.

I'll give you 5 mistakes to avoid so you could spare cash.... both now and in the future .... for you to accomplish all the important goals in life.

1) Procrastination on saving for a retirement.
Whatever age are you right now, you should start to save for your retirement age, the younger you start the better. But if you're at the age 30-40 we could save now by saving 100$ per month we could secure are olden age in the future.

2) Buying a too expensive house

"Expensive house makes you poor". If you pay a house that more than your income. It's difficult for you to save and invest for other businesses that makes money work for you. A expensive house also makes you pay taxes and insurance, additional if you're house is massive, its cost you to spend in buying furniture, necessities and maintenance inside and outside your home.

If you're unlucky, possible happens if you're had higher mortgage than your income, you in a greater chance of losing jobs and foreclosure as well.

3) Leasing or buying expensive cars.

Almost same in buying expensive house. But remember that cars or truck is depreciating assets; it losses value continuously. Some people are trapped in cycles which is they paying car loans and after they paid they buy new one or go to leased car to the next.

4)Buying Or using credits card for un productive assets

If you buying items such as gadgets, clothes, or shopping spree or even groceries or other finance items.... every dollar you paying with interest is makes your financier wealthier and making yourself poorer.

But you can control your credit card use and bills in full in each month, by all means, do so. It's keeps your account active and bolster your credit score, you can also used it in earning cash card or money back.

5) Paying Late On your Debts.

If you do debt, paying on time is very important. Because in a single late payment it cause you a 110 point drop in your credit score.

Bad credit get you denied for loan which prevents you on buying house, car loan and other consumer loans. Its could be even mean of higher auto insurers insurance cost and loss of jobs opportunities.... some prospective employers may check your credit score.

By avoiding those mistakes on this list, you could enjoy your money excess or you could have cash to pay what needs. It's better to stash your cash and buy whatever important that makes your life enjoyable and easy... Always Remember... LETS MONEY WORK FOR YOU!