Description
Details
The 10 Most Common Investment Mistakes:
Procrastination.
Not having a financial plan.
Underestimating compound interest.
Misunderstanding the impact of inflation.
Ignoring tax strategies.
Not diversifying.
Having inadequate insurance.
Uncontrolled consumer spending.
Unrealistic expectations – expecting dramatic results too quickly.
Failure to use professional advisors.
The Fundamentals of Becoming Wealthy:
Pay yourself first.
Invest automatically. Dollar cost averaging involves investing regularly and taking advantage of fluctuating markets, which helps reduce the average cost per investment.
Build a diversified portfolio.
Lower your taxes.
Start today. Time, compounding, and tax deferral are an unbeatable combination.