What personal finance mistakes should everyone avoid?

[Chibson]

Obviously people will not be spending money on things they do not need. Sometimes the only way this can happen is you spending money on things you just want to have. Personally I mostly spend money on things that will even help me make more money.

Yeah, that is very important. If you really want to make money you actually need to spend money on things that really matters. You need to spend on things that will improve your knowledge.

 

[Sotherefore]

Yeah, that is very important. If you really want to make money you actually need to spend money on things that really matters. You need to spend on things that will improve your knowledge.

Yes this is for people that sees the need. To some people they do not see it that way but they will mostly prefer to get it free. There's is nothing wrong with that as long as they will be able to get what they need.

 

[Chibson]

Yes this is for people that sees the need. To some people they do not see it that way but they will mostly prefer to get it free. There's is nothing wrong with that as long as they will be able to get what they need.

whether you get it for free or you pay for it what really matters is the knowledge you are going to get at the end of the day. If the only thing needed for you to get it is to pay then you have to comply.

 

[Immilash]

Invest only what you can afford to lose, we have some kinds of people that invest their money on anything they want without having a proper experience, this kinds of people ended up hurting themselves.

 

[Bigron]

For me it will be not Investing Appropriately - If you simply keep your cash in reserve/savings bank account, you are not investing you are doing the opposite. Your saved Money will lose its value and become worthless due to rise in inflation.
It's better you invest your Money into Profitable and low Risk Businesses and keep your money flowing beating inflation and making your money more worthy.

One of the worst financial errors one can commit is not having a backup or emergency fund. Some funds should be set aside in case of any emergency because life can throw so many surprises which you have to be prepared for

 

[Sotherefore]

whether you get it for free or you pay for it what really matters is the knowledge you are going to get at the end of the day. If the only thing needed for you to get it is to pay then you have to comply.

I'll mostly prefer a situation that I have to pay to get top quality things. I do not just like free things because most of the things that are free are not actually free as you may think . There will be some information that will still be hidden from you.

 

[Robust]

Invest only what you can afford to lose, we have some kinds of people that invest their money on anything they want without having a proper experience, this kinds of people ended up hurting themselves.

That is the right and best thing to do, avoiding investing on what you can not afford to lose. Once you stick to that and spend wisely, your finances will be stable and growing at the same time.

 

[Immilash]

That is the right and best thing to do, avoiding investing on what you can not afford to lose. Once you stick to that and spend wisely, your finances will be stable and growing at the same time.

That's just it, if you know this it will seriously help you, don't invest what you can't afford to lose, if you are used to doing this you'll not hurt yourself like some people do.

 

[Chibson]

I'll mostly prefer a situation that I have to pay to get top quality things. I do not just like free things because most of the things that are free are not actually free as you may think . There will be some information that will still be hidden from you.

Different strokes for different folks. If you want to pay to get quality information then that is actually very good but you must be careful the kind of people you are paying. Like I stated before there are premium free information on the internet but not everyone will have access to them.

 

[Sotherefore]

Different strokes for different folks. If you want to pay to get quality information then that is actually very good but you must be careful the kind of people you are paying. Like I stated before there are premium free information on the internet but not everyone will have access to them.

I'm always lucky in the sense that whenever I am interesting to learn anything , I always have trusted people to pay and get all the quality information I need.. The same will be applicable in cryptocurrency when I am interested to learn about it too.

 

[Chibson]

I'm always lucky in the sense that whenever I am interesting to learn anything , I always have trusted people to pay and get all the quality information I need.. The same will be applicable in cryptocurrency when I am interested to learn about it too.

that is very good. If you know people who are experts in some particular areas of online money making then paying them is good because you will get premium information. But it is important your trust such people because there are a lot of fakes on the internet.

 

[Bigron]

For me it will be not Investing Appropriately - If you simply keep your cash in reserve/savings bank account, you are not investing you are doing the opposite. Your saved Money will lose its value and become worthless due to rise in inflation.
It's better you invest your Money into Profitable and low Risk Businesses and keep your money flowing beating inflation and making your money more worthy.

One of the worst financial decision is impulse buying. Being a spendthrift does not provide financial liberation but rather your willingness to save money will enable you to be financially stable for emergency situations

 

[Sotherefore]

that is very good. If you know people who are experts in some particular areas of online money making then paying them is good because you will get premium information. But it is important your trust such people because there are a lot of fakes on the internet.

Some of them are people in which I have been in their signal group before and most of the signal they generated was perfect. However it was just an advertisement because they were looking for people to form a paid signal group.

 

[Chibson]

Some of them are people in which I have been in their signal group before and most of the signal they generated was perfect. However it was just an advertisement because they were looking for people to form a paid signal group.

Okay, if you think they are making a lot of money from their trading do you think they would have the time to be teaching people?. I quite understand that people are looking for different streams of income.

 

[Sotherefore]

Okay, if you think they are making a lot of money from their trading do you think they would have the time to be teaching people?. I quite understand that people are looking for different streams of income.

It was actually a signal group in which they will be dropping their signal after their analysis. Normally you do not trade all the time . One trade in a single day is ok. They can use the remaining days to do whatever they are interested.

 

[Chibson]

It was actually a signal group in which they will be dropping their signal after their analysis. Normally you do not trade all the time . One trade in a single day is ok. They can use the remaining days to do whatever they are interested.

The reason I asked that question is because I have come across so many people who claimed to be making a lot of money from cryptocurrency but at the end of the day it was discovered that their way of making money is through teaching people and not trading themselves.

 

[Sotherefore]

The reason I asked that question is because I have come across so many people who claimed to be making a lot of money from cryptocurrency but at the end of the day it was discovered that their way of making money is through teaching people and not trading themselves.

Lols, you made me laugh hards. I remember one content writer who was trying to teach us how to make money with writing But just to find out that the only way he was surviving with his content writing is to train other people. Lolz. I know there are so many people like that.

 

[Chibson]

Lols, you made me laugh hards. I remember one content writer who was trying to teach us how to make money with writing But just to find out that the only way he was surviving with his content writing is to train other people. Lolz. I know there are so many people like that.

that is exactly what so many people are doing on the internet currently to make money. They are trying to teach people what they have not really practiced.

 

[Shigobad2020]

That's just it, if you know this it will seriously help you, don't invest what you can't afford to lose, if you are used to doing this you'll not hurt yourself like some people do.

This is one of the main reason why many people got their business and their investment fold up or ruined because they invest heavily on some business they knew nothing about .

 

[Sotherefore]

that is exactly what so many people are doing on the internet currently to make money. They are trying to teach people what they have not really practiced.

I do not just learn things from people blindly . If I am interested to learn forex or cryptocurrency from you then you must put me in your group and generate signal for at least one week just for me to ascertain how professional you are in the area.