10 Money Mistakes Which Can Ruin Your Financial Life


Mistake 3 # Putting All Eggs in One Basket

There is a need to be balanced in each and every sphere of your life and so should be the case with your assets. It is important that your money should be allocated in various investment plans like mutual funds, stocks, realty and ETFs and not just dumped into any one. Many people even forget about their investments thinking their job is done. And many just think only one kind of investment will be able to meet all their needs. These are very common mistakes committed by people which can affect their financial condition in the longer run.

Mistake 4 # Not Starting In Early Life

This mistake is frequently committed by the young generation who thinks they have plenty of time to plan for financial stability. While almost all financial advisors stated that those who start their financial planning at an early stage of their career face 80 percent less financial trouble in the longer run. So you must learn to live with 90 percent of your salary and save 10 percent only for your future.

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