8. Investing Foolishly

Investing wisely is a trait not all are blessed with as all markets are volatile. So, you will need all the information and bit of luck to make sure majority of your investments prosper. With the disappointing Budget, many big-shot stocks too have dipped tremendously. So, if you think going only by reputation is a good idea, then think again. If you are planning to invest, then become hyper-vigilant. If you show even a bit of slack in this respect, your investments will suffer. Always keep yourself updated and abreast of the stock market. You can even subscribe for market alerts on your phone. So, use technology to prosper and not just to network.

9. Letting Your Partner Handle All Money Decisions

This is a bit tricky area. If your partner or spouse dictates your finances, then you are in a soup. Talk to your partner because being financially independent also means taking financial decisions on your own. But you can consult your significant other when you are in doubt. But do not completely depend on your partner for financial decisions. If your partner negatively affects your finances, you might hold it against them and this will sour your relation. So, keep money and love separate. But trust your partner with certain aspects. It’s always better to talk openly than hold something against your beloved.